Market Overview

Lloyds Banking Group Has Returned 17.7% Since SmarTrend Recommendation (LYG)

(via COMTEX News Network)--

SmarTrend identified a Downtrend for Lloyds Banking Group (NYSE: LYG) on March 31, 2011 at $3.72. In approximately 2 months, Lloyds Banking Group has returned 17.7% as of today's recent price of $3.06.

In the past 52 weeks, shares of Lloyds Banking Group have traded between a low of $2.94 and a high of $4.86 and are now at $3.06, which is 4% above that low price.

Lloyds Banking Group is currently below its 50-day moving average of $3.63 and below its 200-day moving average of $4.11. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has fallen 1.26% while the 200-day MA has slid 0.45%.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Lloyds Banking Group.

Write to Chip Brian at


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