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 |
|---|---|
| Estimated P/E(12/2012) | 19.6348 |
| 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 |
| Price/Book (mrq) | 0.5535 |
| Price/Sale (ttm) | 1.1136 |
| Dividend Indicated Gross Yield | 0.35% |
| Cash Dividend (USD) | 0.0100 |
| Last Dividend | 12/05/2012 |
| 5 Year Dividend ... |
