Insurance Technology Industry News

TMCNet:  Shares of IBN Up 11.0% Since Uptrend Call on Shares

[November 13, 2012]

Shares of IBN Up 11.0% Since Uptrend Call on Shares

Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for ICICI Bank (NYSE:IBN) on September 12th, 2012 at $35.02. In approximately 2 months, ICICI Bank has returned 10.95% as of today's recent price of $38.85.

In the past 52 weeks, shares of ICICI Bank have traded between a low of $24.14 and a high of $42.49 and are now at $38.85, which is 61% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.77% higher over the past week, respectively.

ICICI Bank Limited operates a network of bank's located throughout India. The Group specializes in retail and corporate banking, in addition to Forex and treasury operations. ICICI Bank also provides a wide variety of investment banking, insurance and financial services to its clients.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of ICICI Bank shares.Log in and add ICICI Bank (IBN) 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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