Banco Bradesco Sa (BBD) : Traders are bullish on Banco Bradesco Sa (BBD) as it has outperformed the S&P 500 by a wide margin of 11.36% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.94% in the last 1 week, and is up 14.13% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Banco Bradesco Sa (NYSE:BBD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.08 and $8.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.13, notching a gain of 1.11% for the day. The total traded volume was 11,579,043 . The stock had closed at $9.03 on the previous day.
The stock has recorded a 20-day Moving Average of 6.37% and the 50-Day Moving Average is 18.77%. Banco Bradesco S.A. is up 29.11% in the last 3-month period. Year-to-Date the stock performance stands at 111.93%.
Banco Bradesco Sa (BBD) : The highest level Banco Bradesco Sa (BBD) is projected to reach is $8 for the short term and the lowest estimate is at $4. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $6.14 and the possibility the share price can swing is $1.79.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions. Its products and services include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services. The Bank operates in two segments: banking and insurance. The banking segment includes a range of banking activities, serving individual and corporate customers in the investment banking, national and international banking operations, and asset management and consortium administration operations. The insurance segment covers auto, health, life, accident and property insurance and pension plans as well as capitalization bonds.