• Return to Headlines

After Yesterday's Rally of 1.13% Shares Could Potentially Pullback

By Nick Russo

Bank Of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $30.83 to a high of $31.25. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $30.92 on volume of 23.0 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 recommended that subscribers consider buying shares of Bank Of America on July 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.89. Since that recommendation, shares of Bank Of America have risen 3.3%. We continue to monitor BAC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Bank Of America have traded between a low of $22.75 and a high of $33.05 and are now at $31.24, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders Bank of america

Ticker(s): BAC