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TMCNet:  12.3% Return Seen to Date on SmarTrend Banco Macro Call (BMA)

[December 27, 2012]

12.3% Return Seen to Date on SmarTrend Banco Macro Call (BMA)

Dec 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Banco Macro (NYSE:BMA) on December 5th, 2012 at $15.77. In approximately 3 weeks, Banco Macro has returned 12.30% as of today's recent price of $17.71.

Banco Macro share prices have moved between a 52-week high of $27.12 and a 52-week low of $10.74 and are now trading 71% above that low price at $18.40 per share. The 200-day and 50-day moving averages have moved 0.13% lower and 1.11% higher over the past week, respectively.

Banco Macro SA attracts deposits and offers retail and commercial banking services. The Bank offers Visa and Amex credit cards, consumer loans, insurance, and other financial services. Bansud operates in Argentina and in the Bahamas through its subsidiary Sun Bank & Trust.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Banco Macro shares.Log in and add Banco Macro (BMA) 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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