Bank of America Corp. BAC
While our m/o usually includes talking about relatively obscure stocks, today we are mentioning one with which everyone is certainly familiar.
BAC is coming off of a recent bottom, and we figured we’d poke our noses into it while the subsequent recovery is presenting some quick-gain opportunity. The stock found support down close to 5.00, and has gradually been building back up early on this week.
We notice that the MACD on BAC’s chart just crossed, and it doesn’t look like the stock will run into much resistance until it hits 6.60, and 6.75.