Thursday, January 12, 2012

Bank of America (BAC) - 1/12/2012

Bank of America has recently broken out over its 100 day moving average and is riding the upper Bollinger Band towards the next resistance point of 7.35. The RSI is trending upwards and predicting a bullish divergence. MACD has also broken out over 0 (currently 0.2) which hasn't been this high since nearly a year ago.

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