Red-Hot Bank Stock Flashing Bullish Signal
BACBank of America(BAC) Forbes·2024-07-18 02:51

Bank of America (BAC) is fresh off its Tuesday post-earnings pop of 5.3%, after the financial institution reported a top-line beat for the second quarter. The shares today hit a two-year high of $44.44 in response, and are now up 30.9% in 2024, with support in place at their ascending 50-day moving average. If past is precedent, the bank stock could have even more room to run, thanks to a bullish combination flashing on the charts.Thanks to a post-earnings volatility crush, BAC’s recent peak comes amid hist ...