BANK OF AMERICA & CO
(BAC-NYSE):
Technical Viewpoint: From a low
of $25.00 on Sep 16, 2008 prices
rallied, reaching a
high of $39.50
on Sep 19, 2008. A
decline saw prices pull back, reaching a
low of
$32.00 on Sep 23, 2008.
Another rally saw prices penetrate
resistance, closing 9/26/08
at $36.70. Technicals: MACD Index (MACD): A Buy Alert!
was given on Sep 19, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $33.00. Resistance: Is at $39.50.
Point & Figure: Reversed to the upside on Sep 25, 2008. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! Bank Of America & Co
(BAC-NYSE) @ $37.63 Stop: Use a protective stop of $35.63.
Bank Of America & Co is currently trading @ $36.70 plus $2.33 on Sep 26, 2008. Price Objective:
$49.50. Risk/Reward: $2.00 VS. $11.87. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$49.50
Risk/Reward:
$2.00 VS. $11.87
Risk/Reward Ratio:
6:1
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