• Return to Headlines

Watch for Shares of Bank Of America (BAC) to Approach Support at $23.64

By Amy Schwartz

Shares of Bank Of America (NYSE:BAC) have bearishly opened below the pivot of $24.02 today and have reached the first support level of $23.87. Investors may be interested in a cross of the next downside pivot targets of $23.64 and $23.26.

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%.

Bank Of America has overhead space with shares priced $0.00, or 100.0% below the average consensus analyst price target of $25.93. 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