Shares of Bank of America are trading up 6.3% to $14.18 today on above average volume. Approximately 264.6 million shares have traded hands today vs. average 30-day volume of 174.4 million shares.
Spikes in volume can validate a breakout or signify a potential turning point. As such, SmarTrend will continue to monitor shares of BAC to see if this bullish momentum will continue.
SmarTrend currently has shares of Bank of America in an Uptrend and issued the Uptrend alert on December 09, 2010 at $12.47. The stock has risen 7% since the Uptrend alert was issued.
In the last five trading sessions, the 50-day MA has climbed 1.02% while the 200-day MA has slid 0.64%.
In the past 52 weeks, shares of Bank of America have traded between a low of $10.91 and a high of $19.86 and are now at $14.07, which is 29% above that low price.
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