BAC Chart – Moving Above Previous Highs
I charted Bank of America (BAC) on August 3, 2009 when it was trading at $15.32. I see two main lines worth noting. The lower horizontal line is around $14.00. It was a high in May and again in June. Last week BAC blew through it. Today BAC broke through the previous high just over $15.00. I’m waiting to see if it retests it tomorrow before jumping in, but have added it to my watch list for now.
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