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Monday, September 12, 2011

Oversold Alert: (BMA)

On September 12, 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 3.51% or $-0.81/share to $22.26. In the past year, the shares have traded as low as $22.80 and as high as $53.77. On average, 177200 shares of BMA exchange hands on a given day and today's volume is recorded at 71192.