Daily Stock Setups

Bancolombia (CIB) Downgrade Alert, Watch for 97.3% Technical Uptrend Reversal

Posted on: Tue, 22 Sep 2009 09:25:00 EDT

Symbols: CIB

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Sep 22, 2009 (SmarTrend(R) Spotlight via COMTEX) --
CIB | Quote | Chart | News | PowerRating -- Bancolombia (NYSE:CIB) downgraded to Neutral, $41 target, at HSBC. The stock closed yesterday at $39.18 on volume of 328,600 shares, below average daily volume of 396,993.

BanColombia is currently above its 50-day moving average of $34.16 and above its 200-day moving average of $26.17.

SmarTrend is bullish on shares of CIB and our subscribers received an Uptrend alert on March 18, 2009 at $19.86, which has returned 97.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Bancolombia Sa (CIB) CIB. Bancolombia Sa (CIB) has Short Term PowerRatings at TradingMarkets. Details on Bancolombia Sa (CIB) Short Term PowerRatings is available at This Link.

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