TMCNet:  Banco de Chile Shares Up 16.4% Since SmarTrend's Buy Recommendation (BCH)

[January 17, 2013]

Banco de Chile Shares Up 16.4% Since SmarTrend's Buy Recommendation (BCH)

Jan 17, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Banco de Chile (NYSE:BCH) on October 3rd, 2012 at $84.64. In approximately 4 months, Banco de Chile has returned 16.36% as of today's recent price of $98.49.


Over the past year, Banco de Chile has traded in a range of $80.00 to $100.56 and is now at $98.49, 23% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

Banco de Chile attracts deposits and offers retail and commercial banking services. The Bank offers credit, mortgage loans, co-branded credit cards, securities brokerage services, mutual funds, factoring, insurance, and investment products. Banco de Chile operates a network of branches in Chile, Argentina, Brazil, Mexico, and the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Banco de Chile shares.Log in and add Banco de Chile (BCH) 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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