[May 18, 2012] 14.4% Return Seen to Date on SmarTrend ICICI Bank Call (IBN) Tweet May 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for ICICI Bank (NYSE:IBN) on March 28th, 2012 at $33.82. In approximately 2 months, ICICI Bank has returned 14.42% as of today's recent price of $28.94. Over the past year, ICICI Bank has traded in a range of $24.14 to $50.22 and is now at $28.94, 20% above that low. The 200-day and 50-day moving averages have moved 0.99% lower and 1.41% lower over the past week, respectively. ICICI Bank Limited operates a network of bank's located throughout India. The Group specializes in retail and corporate banking, in addition to Forex and treasury operations. ICICI Bank also provides a wide variety of investment banking, insurance and financial services to its clients. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ICICI Bank. Log in and add ICICI Bank (IBN) 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 ]