Bank of AmericaLong
$BAC Banks look appealing once again. Good momentum.
Upbeat earnings and a very successful shareholders day have helped boost the upward moves in Bank of America. The sector overall is benefiting from improved sentiment and possible rotation into more secure sectors as healthcare looks like a falling knife and tech struggles with overvalue concerns. The US banking sector is strong and well capitalized with good dividend returns and the recent appearance in front of Congress failed to dampen spirits among investors.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.