Bank of America has struggled since hitting a multi-year high of 18 early in the year. The stock now trades below both its moving averages and indeed, the moving averages have crossed - the 50 day now below the 200 day, a bearish symbol. The big question is - when is the time to buy?
My recommendation is to HOLD. Wait for lower prices or seek another banking stock if you don't own one already.
My recommendation is to HOLD. Wait for lower prices or seek another banking stock if you don't own one already.