Bank of America (BAC) needs no introduction and its shares have finally bounced back in 2012 to the tune of 71%. Over the past 12 months BofA shares have traded between $4.92 and its 52-week high of $13.88.
Reacall earlier this month Bank of America passed the Fed's stress test. That gave investors confidence and pushed BofA shares over $10 on Monday (March 23rd). Should the recovery take hold investors are going to push BAC shares higher. We may have finally seen a bottom in BofA shares for quite some time.