Strong momentum in Bank of America Corp.

by Josh Bank of America Corp. ($BAC) is continue the move to the upside. Bank of America Corp. is up 2.97% at $14.32 on a volume of 152,820,000 shares. Bank of America Corp. continues to trade along the upper edge [currently outside] of the price envelope.

Shares are currently trading against the top of share’s channel, however breaking the $14 price level (the previous high was $13.99) should provide an upside catalyst and move support to the $14 level.

52 Week Range $6.90-$14.02 Market Cap 154,482,806,494 Average Volume 125,827,654 Dividend Yield 0.29% Institutional Ownership 61.60% Insider Ownership: 0.10% Percentage of Float Short 1.10% Beta 2.40

Bank of America Corp. is above both the 50 day moving average and the 200 day moving average. These are both bullish indicators.

Bank of America Corp. Bank of America Corporation is a bank holding and a financial holding company, which through its subsidiaries, provides banking and nonbanking financial services and products throughout the United States and in selected international markets.

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