BAC, C, GM, ETFC Covered In Lee Allen Report
Posted: Thursday, May 07, 2009 10:11 AM EDT
By: Market Intelligence Center Staff
Bank of America (BAC), Citigroup (C), General Motors (GM) and E*Trade (ETFC) were covered in a Lee Allen Report today. To see the report, read Lee's thoughts on stock market time travel, go to http://www.iotogo.com/la050709 . BAC is now trading at $14.40, up $1.68 (13.21%) on volume of 181,518,912 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.53 to a high of $39.50. Bank of America stock has been showing support around $11.01 and resistance in the $13.69 range. Technical indicators for the stock are neutral and S&P gives BAC a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on BAC the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Bank of America (BAC) Stock ReportSee what our analysts have uncovered about Bank of America (BAC).