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

Posted: Thursday, June 18, 2009 10:58 AM EDT
By: Market Intelligence Center Staff





Bank of America (BAC) could be on the move today and is now at $12.90, up $0.60 (4.88%) on volume of 75,736,208 shares traded. Over the last 52 weeks the stock has ranged from a low of $2.53 to a high of $39.50. BAC was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la061809 . Bank of America stock has been showing support around $11.62 and resistance in the $13.10 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 an August out-of-the-money bull-put credit spread below the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Hedged Trade Ideas For BAC:

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