Trade Idea - Banc of America
Saturday, March 15, 2008
Banc of America shares were down on Friday nearly 4% to $35.69 after more bad news for the financial sector. With stock trading below its major moving averages, it is still in weak bear market so wait for uptrend coming back before buying the stock. I think BAC will test February lows before move up again. Pay particular attention for a possible break down of $35.15 level, RSI shows its going to break down. Let's keep an eye on her.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: Banc of America
