Bank of America Corporation (BAC)

Bank of America Corporation is trading at $50.01, down 2.21% on the session. The 50 day average sits at $57.73 and the 200 day at $55.06, which puts the stock in a uptrend. RSI is at 26.3, which reads as oversold, and MACD is bearish crossover. Volume is below average.

The nearest support is around $50.01 with resistance near $54.46, so that band frames the current range. Average daily movement is roughly $1.22, or about 2.4% of the share price, which is what any stop placement has to allow for. The overall health score of 47 out of 100 combines a trend score of 33, momentum of 32 and a risk score of 89.

Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, and underwriting and advisory services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.