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Bank of America Corp
(NYSE: BAC) Add to Portfolio
$27.94
-0.18 (-0.64%)
as of 09:31 EDT

Look for Shares of Bank Of America to Potentially Rebound after Yesterday's

Bank Of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $28.49 to a high of $29.65. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $29.19 on volume of 23.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Bank Of America have traded between a low of $22.66 and a high of $31.91 and are now at $28.49, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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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