Bank of America touches the SMA resistance - Analysis - 13-09-2017

Bank of America's stock (BAC) rose in the intraday levels, scoring a new profit of 2.53% in the last session, or 0.59 points, and touching the resistance of the 50-day SMA, while getting hurt by piercing the main upward short-term trend line previously, countered by positive signals from relative power indicators. 

Therefore we expect the stock to return lower, targeting the support of 22.16, as long as the resistance of 24.31 holds on.