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BANK OF AMERICA CORP
(BAC-NYSE):
Technical Viewpoint: From a low
of $48.65 on Apr 6, 2001 prices
rallied, reaching a
high of $57.47
on Apr 30, 2001. A
decline saw prices pull back, reaching a
low of
$53.45 on May 11, 2001.
Another rally saw prices penetrate
resistance, closing 5/22/01
at $58.64. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 11, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $54.75. Resistance: Is at $61.00.
Point & Figure: Reversed to the upside on May 16, 2001. A P&F upside
reversal takes place at $56.25. Summary: Technical indicators have turned bullish. BUY! BANK OF AMERICA CORP
(BAC-NYSE) @ $59.12 Stop: Use a protective stop of $56.25.
BANK OF AMERICA CORP is currently trading @ $58.64 plus $2.15 on May 22, 2001. Price Objective:
$69.00. Risk/Reward: $2.87 VS. $9.88. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$69.00
Risk/Reward:
$2.87 VS. $9.88
Risk/Reward Ratio:
3:1
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