Technical trade #4: Bank of America (BAC) - Sam Collins

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Technical trade #4: Bank of America (BAC)
Oct 11, 2009 03:00 PM UTC

Sam Collins

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Symbol	Sentiment	Start	Return	Closed
BAC		10/11/09	-6.91%	--

Via BloggingStocks:

Filed under: Bank of America (BAC), Technical Analysis, Stocks to Buy

Bank of America (NYSE: BAC) traded above $50 a share in December 2006, but the international financial crisis drove the sector to extreme lows, and BAC fell to below $3 in March.

With the crisis abated and recent management changes to take effect at the end of this year, BAC has picked up positive research opinions from many analysts.

Technically the stock has made a solid advance along its bullish support line and the 50-day moving average.

Continue reading Technical trade #4: Bank of America (BAC)

Technical trade #4: Bank of America (BAC) originally appeared on BloggingStocks on Sun, 11 Oct 2009 10:00:00 EST. Please see our terms for use of feeds.

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