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Watch for Shares of Bank Of America (BAC) to Approach Support at $28.61

By James Quinn

Shares of Bank Of America (NYSE:BAC) opened today below their pivot of $29.53 and have already reached the first level of support at $28.92. Investors may be interested in a cross of the next downside pivot targets of $28.61 and $27.69.

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 $34.80. The stock should find initial resistance at its 200-day moving average (MA) of $30.51 and further resistance at its 50-day MA of $30.71.

In the past 52 weeks, shares of Bank Of America have traded between the current low of $0.00 and a high of $33.05 and are now at $0.00. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Bank Of America on September 14th, 2018 by issuing a Downtrend alert when the shares were trading at $30.25. Since that call, shares of Bank Of America have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts Bank of america

Ticker(s): BAC