Bank of America (BAC) Offering Possible 5.49% Return Over the Next 3 Calendar Days

Bank of America’s most recent trend suggests a bearish bias. One trading opportunity on Bank of America is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 5.49% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $30.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bank of America is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Bank of America is bearish.

The RSI indicator is at 68.15 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Bank of America

These 5 Top S&P 500 Stocks Near Buy Points Have Earnings This Week; Futures
Mon, 17 Jul 2017 09:51:48 +0000
Netflix, Microsoft, Bank of America, Morgan Stanley and Apple supplier Skyworks are five S&P 500 companies near buy points with earnings due this week.

[$$] European miners encouraged by China GDP figures
Mon, 17 Jul 2017 08:13:33 +0000
Monday 09:05 BST “The strength of the euro is problematic, especially so close to the key $1.15 level, as the focus shifts this week to the ECB ahead of its monetary policy meeting on Thursday, says …

Earnings Preview: What To Expect From Bank of America on Tuesday
Mon, 17 Jul 2017 01:24:00 +0000
Bank of America is expected to report $0.43/share on $22.17 billion in revenue. Meanwhile, the so-called Whisper number is $0.43.

An Outstanding Large-Cap Fund for Patient Investors
Sun, 16 Jul 2017 03:48:00 +0000
Gold-rated Dodge & Cox Stock’s seasoned team, low fees, and decisive value approach have led to enviable long-term results.

If Trump Called Janet Yellen and Asked Her to Stay at the Fed, What Would She Say?
Sat, 15 Jul 2017 16:20:00 +0000
Is this the last time Federal Reserve Chair Janet Yellen will testify before the House Financial Services and Senate Banking committees? Members really, really want to know.

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