Bank of America Corp BAC shares are trading higher by $0.38 (1.7 percent) at $23.30 in Friday's session. The Street seems to be satisfied with its mixed Q4 report, which consisted of a $0.02 beat for EPS, but came up shy by $900 million for revenues.
After a higher open, it retreated and found support just under the top of Thursday's range ($23.12), reaching $23.11 and then continued its move higher.
The ensuing rally has taken the issue through the multiple highs at the $23.30 area, including the former high for the move at $23.39, reaching $23.41. In order to post a new closing high for the recent rally, it would need to exceed its December 15 close of $23.16.
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