Bank Of America Corp (BAC) Outperforms All mega cap US stocks, Up 3.43%; Crosses 20 Day Moving Average

Bank Of America Corp 4 Hour Price Update

Updated September 08, 2020 04:28 PM GMT (12:28 PM EST)

BAC traders saw its share price fall -4.11% ($-1.09) over the past four hours of trading. To help put that in perspective, note that Bank Of America Corp’s peers in the in the Banking industry are down -3.15% on average during this time, while its peers in the broader Financial Services sector are down by an average of -2.64%.

Bank Of America Corp Daily Price Recap

The back and forth price flow continues for Bank Of America Corp, which started today off at 26.54 US dollars, up 3.43% ($0.88) from yesterday. As for how volume fared, yesterday’s volume was up 15.69% from the previous day (Sunday), and up 152.72% from Monday of the week before. Below is a daily price chart of Bank Of America Corp.

BAC

Bank Of America Corp Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Bank Of America Corp crossed above its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to BAC:

    $BAC I sold my banks after holding for many weeks. Got out last week. I’ve been playing this market as a repeat of 2009 and banks were one group not repeating. So I sold.

    Chartist0_0