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Bank of America Corporation (BAC) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 24 Mar 2017NoneBearish EngulfingWed, 15 Mar 2017-8.18%
***Stock database and scans are updated around midnight (New York time) every trading day.
23.12 0.00 (0%) Mar 24 4:00pm EDT
Open: 23.20 Range: 22.76 - 23.35 Vol: 113.5M Avg Vol: 97.13M
EPS: 1.50 P/E ratio: 15.44 EBITDA: 0.00 Mkt Cap: 243.14B
Analyze "BAC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 23.32
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 24.71
Last Trade is below the 50 day moving average at 23.89
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 18.67
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BAC

Stock Trend Analysis - Buy, Sell or Hold "Bank of America Corporation" (BAC)?

BAC is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 62% of the time spent trading above the 200 day moving average. In the medium term, the 50 day moving average for BAC is very bullish, indicating good swing trading opportunities for longs. The 20 day moving average generally supports both the longer and medium term trends and is exhibiting a bullish bias. Unless key support levels currently at 18.67 and 23.89 are convincingly penetrated, the buy the dips strategy is still the higher probability trade. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BAC".

The analyst consensus estimates for the 1 year price target for this stock is $25.21* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 24 Mar 2017
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