Bank of America

BAC
Real-time BATS EXCHANGE - 06/20 11:34:28 am
27.955USD
-1.29%

Continuation of the downward trend

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David Meurisse
Contributor / Partner

Strategy published on : 06/06/2019 | 09:33

short sell
Live

Entry price : 27.76$
Target : 24.51$
Stop-loss : 29.5$
Potential : 11.71%

The technical chart pattern of stocks in Bank of America suggests a continuation of the underlying downward trend, which has already been in place for a number of trading sessions.
Investors should open a short trade and target the $ 24.51.

Strengths

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Historically, the company has been releasing figures that are above expectations.

● The company's attractive earnings multiples are brought to light by a P/E ratio at 9.76 for the current year.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

Zonebourse.com 2019
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