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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]