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TMCNet:  Uptrend Call Working As BanColombia Stock Rises 12.5% (CIB)

[December 27, 2012]

Uptrend Call Working As BanColombia Stock Rises 12.5% (CIB)

Dec 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for BanColombia (NYSE:CIB) on September 7th, 2012 at $59.14. In approximately 4 months, BanColombia has returned 12.51% as of today's recent price of $66.53.

Over the past year, BanColombia has traded in a range of $53.78 to $69.50 and is now at $66.03, 23% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Bancolombia S.A. attracts deposits and offers retail and commercial banking services. The Bank offers automobile, personal, and education loans, credit and debit cards, securities brokerage services, fund transfers, lease financing, foreign trade financing, insurance, and pension funds. Bancolombia operates branches and automated teller machines throughout Colombia.

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

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