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.


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

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