Bank of America (BAC) NewsBite - BAC Could Be On the Move

Posted: Monday, February 08, 2010 10:24 AM EDT
By: Market Intelligence Center Staff





Bank of America (BAC) could be on the move today and is now at $14.79, down $0.21 (-1.4%) on volume of 45,252,096 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.53 to a high of $19.10. BAC was covered in a was covered in a Vic Wisemann report today. To read the report, go to www.marketintelligencecenter.com/vw020810 . Bank of America stock has been showing support around $14.04 and resistance in the $15.54 range. Technical indicators for the stock are bullish and S&P gives BAC a positive 5 STARS (out of 5) strong buy ranking. If you are looking for a hedged play on BAC the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 17 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For Bank of America (BAC):

Bank of America (BAC) Leads Stocks Higher After Greece Passes New Austerity Measures

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Bank of America (BAC) Showing Support Near $7.70 With 0.54% Dividend Yield

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http://www.marketintelligencecenter.com/newsbites/1332502


Hedged Trade Ideas For BAC:

BAC




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