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Bank of America

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BAC trade ideas

What's in for Bank of America after the earnings report?Today we saw the earnings report for Bank of America and it did not meet the investor's expectations. So far the earnings season (for the banks) starts a bit off. The EPS came above expectations at 0.59 versus 0.54 expected. Revenue though came in with a miss - 20.1B against 20.56B expected. The main cause for the miss cited is the COVID-19 pandemic. RSI is already crossing from overbought territory, though MACD's crossing is lagging. The histogram is showing a divergence with the price which is in line with RSI's early divergence with the price. My expectations are for a drop towards the trend line support at the $31.35 zone. A breach there may lead to a potential drop towards $30.61 and by this jeopardizing the uptrend.
NYSE:BACShort
by DailyChartist
The Laws of Supply and Demand Affects the Price MovementThe Laws of Supply and Demand Affects the Price Movement 1. When supply exceeds demand, the price is more likely to fall. 2. As the price is falling, supply will increase, and demand will decrease. As a result, the price will fall faster. 3. At valleys, demand is greater than supply; therefore, the price is more likely to increase. 4. At peaks, supply is greater than demand; therefore, price is more likely to fall. 5. As the price trends higher, demand is greater than supply; therefore, price is more likely to go higher. Thank you for reading! Greenfield Remember to click "Like" and "Follow!" Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
NYSE:BACEducation
by GreenfieldAnalysis
BAC - Federal Reserve said Banks could resume stock buybacksLooking for a $32.30 to $31.00 pull back at most before entering. The Fed in June had put temporary caps on shareholder payouts, prohibiting them from buying back stock or increasing dividend payments. "The banking system has been a source of strength during the past year, and today's stress test results confirm that large banks could continue to lend to households and businesses even during a sharply adverse future turn in the economy," the Fed's vice chairman for supervision, Randal K. Quarles, said in a statement. JPMorgan and Morgan Stanley released statements, saying they planned to resume buybacks starting next quarter. Citi and Goldman said they intended to resume such purchases next year. Bank of America CEO Brian Moynihan has said that his company plans to buy back stock as soon as it is allowed to. The six biggest U.S. banks could buy back as much as $11 billion of shares in the first quarter under the new distribution policy, according to Bloomberg. Source "https://www.thestreet.com/investing/banking-stocks-jump-after-fed-allows-buybacks-to-resume#:~:text=The%20Federal%20Reserve%20said%20that,buybacks%20in%20the%20first%20quarter.&text=Banking%20stocks%20jumped%20Monday%20after,beginning%20in%20the%20first%20quarter."
NYSE:BACLong
by TTMTrades
4
$BAC - golden cross $BAC golden cross coming soon. It is a pattern I enjoy playing. No chart pattern or chart indicator is a guarantee. Golden crosses on the horizon (within 1-35 days) AA - I want in, but afraid BAC BOX CARS DBX GE - Im in HAS - Im in LYFT MLHR MMM - Im in NTAP NTR - Im in URG WB NNDM - Im in ADS BA C CONN COTY CRON CSCO EBIX GNUS JWN M MIXT MO NCLH PSEC SPG UAL WTFC SPYD EEFT FNB BNS Recently golden crossed and no where near entry or entry is still good to play the golden cross OLN RVLV AXP IMMR - Im in DFS EXPE F - Im in FBC FCEL - Im in IDEX JPM MET MOS STT - Im in ULTA WEX Personal plays and cashed out today on golden cross: IDEX +50% MET +27% ULTA +18%
NYSE:BACLong
by katblat
BAC (S&P 500) - Fast Turtle Buy with Potential Reversal.Finance Sector Higher High and Higher Low (Uptrend) Price still below EMA50 Recent Fast Turtle Buy on daily chart formed Hammer candle on weekly timeframe at trendline support. FiFT turned +ve indicating Bull is getting stronger with Buy on Dip signal appears. Price Higher Low and Indicator Low Low present Hidden Bullish Divergence which mean stock may trend higher. ATOM still neutral. This is for long term trade/investment.
NYSE:BACLong
by kgiap123