Rochester, NY 8/19/2009 5:35:45 AM
Bank of America Corporation BAC - Bank of America Release its Earnings Market Stands Substantially
Bank of America Corporation BAC
Bank of America has hit $17.39 at closed market. It hit a 52-week low of $2.53 and 52-week high of $39.50. The company has showing support around 16.24 and struggling in the 18.04 range. A technical indicators show its stock still continues to move high.
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Bank of America showed on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at a Feb '10 15 covered calls (BYO BO) for a net debit in the $13.44 area. That is also the break even stock price for this trade.
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