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After Yesterday's Rally of 11.00% Shares Could Potentially Pullback

By Nick Russo

Bank Of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $32.10 to a high of $32.37. Yesterday, the shares gained 11.0%, which took the trading range above the 3-day high of $32.01 on volume of 23.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Bank Of America have traded between a low of $22.66 and a high of $32.31 and are now at $32.21, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.39% higher and 1.63% higher over the past week, respectively.

Keywords: rebounders Bank of america

Ticker(s): BAC