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Bank of America Corporation Message Board

  • stockineer stockineer Mar 19, 2013 8:50 PM Flag

    BAC HAD A BREAKOUT TODAY

    It was a great day for longs, BAC finally broke out of the overhead resistance. It also came on heavier volume giving some credibility to the move. It's a too bad that the market as a whole has tempered it just a little bit...and technically continues to be on shaky ground. This is going to be the concern for the time being. Otherwise, today offered a great entry point because the upside target for now is $15 and your stop loss can be set just below the two price peaks near $12.50...but that's just my thoughts. You could tighten it up if you aren't afraid of volatility stopping you out. There's also 3 support levels surrounding which gives a nice backstop. I've put all the charts and details on Stockineer, but there's a bigger audience here so I'm sharing the summary to hopefully give some guidance. Good work guys and good luck.

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BAC
16.36-0.08(-0.49%)Aug 28 4:02 PMEDT