
551% GAIN ON BANK OF AMERICA (BAC) – NEW BUY ZONE
By Nigam Arora
Editor’s note: This post was published in ZYX Buy on Oct. 14.
BAC is long from $7.69. It is trading at $50.03 as of this writing. This represents a gain of 551%.
Earnings
BAC is going to report earnings tomorrow morning. If the stock falls in the buy zone on earnings, consider starting a position if not already in BAC.
Investor Day
Bank of America will be holding its investor day on Nov. 5 after 14 years. This reflects management’s confidence in the present stabilized position and the future of the bank. The investor day may also become a trigger for the stock to move higher.… Please click here or the title below to read more.