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SmarTrend Watching for Potential Rebound in Shares of Bank Of America After 1.44% Loss

By James Quinn

Bank Of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $29.38 to a high of $30.05. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $29.70 on volume of 44.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Bank Of America share prices have moved between a 52-week high of $33.05 and a 52-week low of $22.73 and are now trading 29% above that low price at $29.43 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders Bank of america

Ticker(s): BAC