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Grupo Financiero Galicia Shares Up 21.2% Since SmarTrend's Buy Recommendation (GGAL)
Jan 09, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Grupo Financiero Galicia (NASDAQ:GGAL) on December 4th, 2012 at $5.59. In approximately 1 month, Grupo Financiero Galicia has returned 21.22% as of today's recent price of $6.77.
Over the past year, Grupo Financiero Galicia has traded in a range of $4.14 to $14.76 and is now at $6.77, 64% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.
Grupo Financiero Galicia S.A. operates as a financial services holding company for Banco Galicia, a commercial bank in Argentina. The Bank attracts deposits and offers business and consumer loans, mortgages, investment banking, securities brokerage services, foreign exchange services, mutual funds, insurance, annuities, and credit cards.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Grupo Financiero Galicia shares.Log in and add Grupo Financiero Galicia (GGAL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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