Today, shares of ICICI Bank (NYSE:IBN) have crossed bullishly above their 10-day moving average of $44.33 on a volume of 822K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
ICICI Bank (NYSE:IBN) has potential upside of 1.1% based on a current price of $45.50 and analysts' consensus price target of $46.00. ICICI Bank shares have support at the 50-day moving average (MA) of $41.00 and additional support at the 200-day MA of $35.65.
ICICI Bank share prices have moved between a 52-week high of $45.89 and a 52-week low of $27.22 and are now trading 67% above that low price at $45.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.
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.