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Bank of America Corp
(NYSE: BAC) Add to Portfolio
-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.

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