Blue Chip Daily Chart of the Week:
Bank of America, BAC
Stop level for position traders and investors: 33.30
please see chart analysis below
- Bank of America (BAC) is one of our top technical ideas coming into the week, and is on this week’s Members Top 25 Stocks List.
- BAC is currently trading over rising 50, 100 & 200-day moving averages.
- BAC recently pulled back 7.3% from multi-year highs and held at the rising 50-sma.
- BAC has put in a series of higher highs and higher lows, indicating a strong uptrend.
- 35-36 is key support on any pullbacks, and over 41 could signal a new breakout.
Have a great week,
Disclaimer – Blue Chip Daily Trend Report