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TMCNet:  Bank of America Shares Up 16.2% Since SmarTrend's Buy Recommendation (BAC)

[November 13, 2012]

Bank of America Shares Up 16.2% Since SmarTrend's Buy Recommendation (BAC)

Nov 13, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Bank of America (NYSE:BAC) on June 19th, 2012 at $8.04. In approximately 5 months, Bank of America has returned 16.17% as of today's recent price of $9.33.


In the past 52 weeks, Bank of America share prices have been bracketed by a low of $4.92 and a high of $10.10 and are now at $9.33, 90% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.1%.

Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Bank of America shares.Log in and add Bank of America (BAC) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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