26.6600
Change
-0.0900
Change %
0.3364%
Open
26.7500
Close
26.6510
High
26.9000
Low
26.5900
Bank of America dips amid positive pressures - Analysis - 14-11-2017
2017-11-14 12:25:07 GMT (Economies.com)
Bank of America dips amid positive pressures - Analysis - 14-11-2017
 

Bank of America's stock (BAC) fell in the intraday levels, recording a new loss of 0.41% in the last session, or 0.11 points, amid the dominance of the main upward trend in the medium and short terms, while the stock gets buoyed by a positive pattern that formed in the short term, the Symmetrical Triangle pattern as shown in the attached chart, with positive pressure from the 50-day SMA, as the stock seeks a bottom to send it higher anew. 

 

Therefore we expect the stock to return higher, provided the support of 25.77 holds on, targeting the important resistance of 28.12. 

 
 
 
  Symbol Last Change Chg.%
1.1839
0.0047
0.3994%
1.3295
0.0080
0.6042%
17.122
-0.191
1.100%
58.535
1.900
3.355%
63.52
-0.04
0.06%
1290.695
-3.665
0.283%
 
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