Bank of America (BAC) NewsBite - BAC Covered In Vic Wisemann Report Today

Posted on Monday, October 06, 2008 10:30 AM

Bank of America (BAC) was covered in a Vic Wisemann Report today and the stock is now at $32.87, down $1.59 (-4.61%) on volume of 9,875,091 shares traded. To see the report go to http://www.iotogo.com/vw100608 . Over the last 52 weeks the stock has ranged from a low of $18.44 to a high of $52.96. Bank of America stock has been showing support around $31.19 and resistance in the $40.15 range. Technical indicators for the stock are bullish and S&P gives BAC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BAC the stock seems like it could be a candidate for an October out-of-the-money bear-call credit spread above the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]