Time for Investors to Take the Plunge on Bank of America Corporation (NYSE:BAC)

Equity Research firms currently have a positive stance on shares of Bank of America Corporation (NYSE:BAC). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.90. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $17.45 on a short term basis.

At the time of writing, the stock was trading at $15.85. This represents a change from the opening price of 1.02%. In terms of performance, year to date, the stock is -6.03%. The monthly stock performance comes in at -2.19%. For the quarter, shares are performing at 23.26%. Weekly performance analysis shows the equity at 3.58%.

In taking a look at technical levels, shares are trading 3.87% away from the 50 day simple moving average and 11.52% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -11.09% away from it’s 52- week high and 45.94% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Bank of America Corporation’s RSI stands at 58.31. In looking at volatility levels, the shares saw weekly volatility of 2.65% and 2.05% over the past month.

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