The broader markets are having more success than Bank of America and this under performance is being put to the test now - the stock closing just below the 50 DMA. Is the rebound in the stock from the big post earnings drop for real or not? Watch the 50 DMA. The last three months have essentially been a tie between bulls/bears. If BAC can't get above 17 - watch to see if 16 holds.
I think BAC is a buy at current levels. For a long or intermediate term investment.
I think BAC is a buy at current levels. For a long or intermediate term investment.