Bank of America (BAC) Approaches 200-Day Daily SMA, May See Bounce

May 16, 2012 1:26 PM EDT
Bank of America (NYSE: BAC) shares are 1.3 percent lower on the session and flirting with the 200-day Daily SMA, which is currently at $7.22.

BAC shares are trading at $7.20, slightly below the average. The last time BAC hit the line on March 6th, shares saw a comfortable move higher over the next several sessions.


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