Specifically, the Bank of…
My analysts are bullish on Bank of America $BAC and for good reason:
Bank of America is on the verge of breaking out of a bearish-to-bullish reversal pattern.
As you can see in the lower pane, BAC recently resolved higher from a similar basing formation versus the broader market.
We like it long only if it is above 38.50 with a 2-4 months target of 50.
Options premiums are cheap, so lets keep it simple.