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TMCNet:  Grupo Financiero Galicia Shares Up 22.5% Since SmarTrend's Buy Recommendation (GGAL)

[January 02, 2013]

Grupo Financiero Galicia Shares Up 22.5% Since SmarTrend's Buy Recommendation (GGAL)

Jan 02, 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 4 weeks, Grupo Financiero Galicia has returned 22.47% as of today's recent price of $6.84.

In the past 52 weeks, shares of Grupo Financiero Galicia have traded between a low of $4.14 and a high of $14.76 and are now at $6.84, which is 65% above that low price. The 200-day and 50-day moving averages have moved 0.09% lower and 1.22% higher over the past week, respectively.

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 --------------------------------------------------------------------------------------------- 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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