BEST STOCKS TO BUY TODAY: BAC @07/03/2023
| Ticker | BAC, Bank of America Corporation | Note |
| Last Price | 29.20 | |
| Buy | 29.20 | Limit Order This is generated by our mechanical trading system. Please read the chart section for more detailed and flexible entry options. |
| Target | 32.12 | Default at 10%, Or Sell when close below ma5(short term)/10(midterm)/20(long term) or when big down day or when formed inverted hammer at a resistance level |
| Stop | 28.12 | |
| Reward/Risk | 2.69 : 1 |
Above is the summary of one of our Best Stocks To buy.
More Technical Status
| ATR | 0.62 | |
| Beta | 1.37 | |
| RSI(14) | 57.39 | |
| SMA20 | 1.46% | Distance to SMA20 |
| SMA50 | 2.60% | Distance to SMA50 |
| Recommendation | 2.40 | Analysts’ mean recommendation (1=Buy 5=Sell) |
Our system generated several buy signals today. BAC is one of them. Let’s take a look at this stock’s chart (The first chart below is a live chart).
Bank sector has been consolidation for some time now. With the Fed’s interest policy and hope of interest hike close to an end, bank stock should see some break outs. The leader would be C or BAC. As we can see above, BAC has been forming a consolidation pattern and now it is in a very narrow range. It is a safe bet to load some position. First target is previous high at around $30. Next target will be around $30.
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