Bank of America (BAC) NewsBite - BAC Is On the Move
Posted: Thursday, March 04, 2010 10:15 AM EDT
By: Market Intelligence Center Staff
Bank of America (BAC) appears to be on the move today and is now at $16.46, up $.09 (0.55%) on volume of 48,333,616 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.00 to a high of $19.10. BAC was covered in a was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la030410 . Bank of America stock has been showing support around $16.15 and resistance in the $16.73 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 an August out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
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