Bank of America Stalls at 200SMA, Forms Price Channel

Bank of America Stalls at 200SMA, Forms Price Channel

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

BAC shares stall at its 200 simple moving day average at $ 11.61 after completing W reversal pattern back in December 2012 momentarily. Another long opportunity arises on a break out over $ 12.20.

Weekly

Daily- Continuation of uptrend over $ 12.20. Price in range between $ 11-$ 12.20.

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