The stock of BANK OF AMERICA CORPORATION COM STK $0.01 (LON:BAC) hit a new 52-week high and has GBX 22.62 target or 9.00% above today’s GBX 20.75 share price. The 5 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Nov, 25 by Barchart.com. If the GBX 22.62 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 48.21% or GBX 6.75 on November 25, hitting GBX 20.75. About 20,354 shares traded hands or 353.42% up from the average. BANK OF AMERICA CORPORATION COM STK $0.01 (LON:BAC) has 0.00% since April 29, 2016 and is . It has underperformed by 5.41% the S&P500.
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