Rochester, NY 8/19/2009 10:50:54 PM
Bank of America Corporation BAC - Bank of America Market Stands Higher
Bank of America Corporation BAC
Bank of America profit hit of $17.39 at closed market. It hit a 52-week low of $2.53 and 52-week high of $39.50. Bank of America stock has been showing support around 16.24 and resistance in the 18.04 range. A technical indicator for the company stock is Bullish and it will continue to get higher in the market trade.
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Bank of America appears 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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