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Bearish Moving Average Cross by Bank Of America (BAC)

By James Quinn

Bank Of America (NYSE:BAC) shares have crossed bearishly below their 10-day moving average of $23.80 on a volume of 25.8 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Bank Of America have traded between a low of $12.05 and a high of $25.80 and are now at $23.63, which is 96% above that low price. The 200-day and 50-day moving averages have moved 0.48% lower and 1.23% higher over the past week, respectively.

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.

Keywords: moving crosses Bank of america

Ticker(s): BAC