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TMCNet: Westpac Banking Has Returned 18.3% Since SmarTrend Recommendation (WBK)

[March 19, 2013]

Westpac Banking Has Returned 18.3% Since SmarTrend Recommendation (WBK)

Mar 19, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Westpac Banking (NYSE:WBK) on October 1st, 2012 at $130.39. In approximately 6 months, Westpac Banking has returned 18.35% as of today's recent price of $154.31.
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Over the past year, Westpac Banking has traded in a range of $97.25 to $163.36 and is now at $154.31, 59% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

Westpac Banking Corporation offers general and savings banking, including lending, deposit taking and payment services. Westpac also provides investment portfolio management and advice, unit trust and superannuation fund management, nominee and custodian facilities, insurance services, consumer finance, leasing, general finance, foreign exchange dealing and money market services.

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