Bank Of America Flirting With Major Resistance

Loading...
Loading...

Bank Of America Corp BAC shares are trading higher by $0.17 at $13.96 in Thursday's session. The issue is getting a boost despite an inline report for EPS and a slight revenue miss.

After a slightly lower open, it immediately found support at $13.70 and began to move higher. So far, it has crossed the major resistance at the $14 area, reaching $14.04, and is now attempting to remain about $14.

It has not closed above $14 since January 29, when it ended the session at $14.14.

Market News and Data brought to you by Benzinga APIs
Posted In: TechnicalsIntraday UpdateMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...