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Friday, September 9, 2011

Oversold Alert: (BMA)

On September 9, these stocks were spotted as oversold: Banco Macro S.A. The price of these stocks have fallen sharply to level below their true value. This is interpreted as a sign that the stocks are undervalued and may represent a buying opportunity for investors.

Shares of Banco Macro S.A (BMA) fell by 2.73% or $-0.66/share to $23.49. In the past year, the shares have traded as low as $24.03 and as high as $53.77. On average, 175530 shares of BMA exchange hands on a given day and today's volume is recorded at 88339.