Bank of America (BAC) is probably the only stock that still hasn’t recuperated all the money that its investors lost in the the stock market crash of 2008-2009. It’s been almost 5 years, and the stock still continues to trade in mediocrity and the Bank is still fighting never-ending lawsuits associated with Mortgage Fraud and what not. Now, BAC is at a very critical resistance. If BAC can successfully break this resistance, then the stock can regain its all-time-high. If it fails to break that level, then there might be more pain ahead for BAC investors.
Here is a Daily chart of BAC:
Recommendation: BUY Above $15 and SELL Below $13.50
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