Credicorp (BAP) shares of the Peruvian banking stock are showing great strength nearing a breakout of the recent range after the pullback to its rising 55 day MA found buyer support following its earnings report last week. BAP has now closed back above its monthly POC and 8 day EMA as its primed to clear value highs near 190 and likely can target a move towards 200 with the first VPOC target being 198. Last week BAP announced it will acquire the remaining 50% stake in a joint venture with Empresas Banmedica and should strengthen Credicorp’s ability to improve insurance and healthcare access, while advancing financial inclusion in Peru.