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Bank of America Corp
(NYSE: BAC) Add to Portfolio
$29.82
-0.18 (-0.60%)
as of Sep 19, 2019

Bank Of America (BAC) Crosses Pivot Point Support at $30.13

Bank Of America (NYSE:BAC) has opened bearishly below the pivot of $30.46 today and has reached the first level of support at $30.13. Should the shares continue to fall, the support pivots of $29.77 and $29.08 will be of interest.

Over the past year, Bank Of America has traded in a range of $22.66 to $31.91 and is now at $30.12, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

There is potential upside of 15.5% for shares of Bank Of America based on a current price of $30.12 and an average consensus analyst price target of $34.80. The stock should discover initial support at its 50-day moving average (MA) of $29.21 and subsequent support at its 200-day MA of $28.75.

SmarTrend is tracking the current trend status for Bank Of America and will alert subscribers who have BAC in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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