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Bank of America (BAC) Breaks Through Resistance at $23.58

By Nick Russo

Shares of Bank of America (NYSE:BAC) have bullishly opened above the pivot of $23.47 today and have reached the first resistance level of $23.58. Investors may be interested in a cross of the next upside pivot targets of $23.72 and $23.97.

In the past 52 weeks, Bank of America share prices have been bracketed by a current low of $0.00 and a high of $25.80 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.5%.

There is potential upside of 0.0% for shares of Bank of America based on a current price of $0.00 and an average consensus analyst price target of $25.17. The stock should run into initial resistance at its 50-day moving average (MA) of $13.75 and subsequent resistance at its 200-day MA of $15.47.

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