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TMCNet:  15.6% Return Seen to Date on SmarTrend BanColombia Call (CIB)

[January 03, 2013]

15.6% Return Seen to Date on SmarTrend BanColombia Call (CIB)

Jan 03, 2013 (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 15.58% as of today's recent price of $68.35.

In the past 52 weeks, shares of BanColombia have traded between a low of $53.78 and a high of $69.50 and are now at $68.35, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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 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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