By Licia Leslie
September 20, 2024
Hi Shoppers,
Bank of America (Ticker: BAC) is ready to pop:
BAC is enjoying a nice rally stopping at those most recent highs yesterday.
We have a nice bullish turn on the zero line of the MACD histogram.
Once it clears $41, it is clear to trade $43.65 and possibly $44.16.
Shopping for cheap options, I like the Oct11 expiration:
The 41 calls are a tad wide here but you should be able to get them at a good price.
Use a close below the 50 day moving average which is $40.03 as your stop loss.
Trade Review
You had to be quick on the IWM strangle as it traded about $.70 higher.
Again join the Flash 10 for cheap stocks before they make big moves.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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