Since making a low near 16 on a break down through the 200 DMA - Bank of America has moved sharply higher. The stock is nearly its post crash high near 18 - can it push through or will the level provide resistance?
The general market seems poised to break out of the trading range rut it has been in for months and if it's going to to that, BAC will have to be part of that crowd. Watch the action tomorrow in stocks like BAC, GOOGL, and other market leaders. The broader SPY could be poised for new highs.
The general market seems poised to break out of the trading range rut it has been in for months and if it's going to to that, BAC will have to be part of that crowd. Watch the action tomorrow in stocks like BAC, GOOGL, and other market leaders. The broader SPY could be poised for new highs.