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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) Approaches New Downside Target of $28.08

Bank Of America (NYSE:BAC) has opened bearishly below the pivot of $28.64 today and has reached the first level of support at $28.36. Should the shares continue to fall, the support pivots of $28.08 and $27.52 will be of interest.

Potential upside of 23.8% exists for Bank Of America, based on a current level of $28.12 and analysts' average consensus price target of $34.80. Bank Of America shares should first meet resistance at the 200-day moving average (MA) of $28.72 and find additional resistance at the 50-day MA of $29.22.

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 $28.12, which is 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Bank Of America. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bank Of America in search of a potential trend change.

Write to SmarTrend at cs@mysmartrend.com

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