Technical Analysis on Bank of America (BAC)
- BAC broke out from Ascending Triangle at $10.00 and heading towards the breakout target price of $12.00 (also 161.8% FR)
- RSI = 75 overbought region.
- Currently BAC has reversed to uptrend (above 20D, 50D and 200D SMA).
- Too late to chase now. Wait for the retracement back to $10.00 to test the resistance turned support for a better entry point.
Key Statistics for BAC
|Current P/E Ratio (ttm)||18.5082|
|Relative P/E vs. SPX||1.2722|
|Earnings Per Share (USD) (ttm)||0.6100|
|Est. EPS (USD) (12/2012)||0.5750|
|Est. PEG Ratio||2.0668|
|Market Cap (M USD)||121,684.50|
|Shares Outstanding (M)||10,778.08|
|30 Day Average Volume||159,106,896|
|Dividend Indicated Gross Yield||0.35%|
|Cash Dividend (USD)||0.0100|
|5 Year Dividend Growth||-55.91%|
|Next Earnings Announcement||01/17/2013|