[May 18, 2012] Downtrend Call Working As Woori Finance Holdings Stock Falls 17.6% (WF) Tweet May 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Woori Finance Holdings (NYSE:WF) on April 20th, 2012 at $31.92. In approximately 4 weeks, Woori Finance Holdings has returned 17.62% as of today's recent price of $26.29. Woori Finance Holdings share prices have moved between a 52-week high of $41.23 and a 52-week low of $21.26 and are now trading 24% above that low price at $26.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.5%. Woori Finance Holdings Co., Ltd. is a holding company of Woori Bank, Kwangju Bank, Kyongnam Bank, and Woori Credit Card. The Company manages and controls its financial subsidiaries. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Woori Finance Holdings. Log in and add Woori Finance Holdings (WF) 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 [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]