• Return to Headlines

Bank Of America (BAC) Approaches New Upside Target of $29.03

By Amy Schwartz

Shares of Bank Of America (NYSE:BAC) opened today above their pivot of $28.74 and have already reached the first level of resistance at $28.85. Analysts will be watching for a cross of the next upside pivot targets of $29.03 and $29.32.

Over the past year, Bank Of Americahas traded in a range of $0.00 to $33.05 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.

Potential upside of 0.0% exists for Bank Of America, based on a current level of $0.00 and analysts' average consensus price target of $34.80. The stock should run into initial resistance at its 200-day moving average (MA) of $29.43 and subsequent resistance at its 50-day MA of $29.56.

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: pivot alerts Bank of america

Ticker(s): BAC