Bank of America's most recent trend suggests a bearish bias. One trading opportunity on Bank of America is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 10.38% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $34.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Bank of America is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Bank of America is bearish.
The RSI indicator is at 32.1 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Bank of America
European stocks fall as rhetoric on trade darkens
Fri, 17 May 2019 08:49:05 +0000
The offshore version of China’s currency weakened nearly 3 per cent against the dollar over the past two weeks as trade tensions reignited, heading back toward the Rmb6.70 mark that has an established pattern of unnerved investors when approached.
Aquamarine Capital Management, LLC Buys Bank of America Corporation, Sells TerraForm Power Inc
Fri, 17 May 2019 00:38:20 +0000
New York, NY, based Investment company Aquamarine Capital Management, LLC buys Bank of America Corporation, sells TerraForm Power Inc during the 3-months ended 2019Q1, according to the most recent filings …
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Thu, 16 May 2019 20:35:08 +0000
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Thu, 16 May 2019 19:22:22 +0000
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Charlotte area sees shake-up in companies on new Fortune 500 ranking
Thu, 16 May 2019 19:05:36 +0000
While two locally based companies continue to lead the Charlotte region on the Fortune 500 list, there were other shake-ups on this year's ranking.
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