Market Overview

Bank of America Stalls at 200SMA, Forms Price Channel

BAC shares stall at its 200 simple moving day average at $11.61 after completing W reversal pattern back in December 2012 momentarily. Another long opportunity arises on a break out over $12.20.

Weekly

Daily- Continuation of uptrend over $12.20. Price in range between $11-$12.20.

See the original article HERE. Head over to The Smarter Investor for more actionable technical analysis.

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas

 

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