Bank of America: first week of a sell signal, but the setup falls short

Bank of America enters its first week of a sell signal with a signal strength of 14 out of 100 — among the weakest in the current sell-signal ranking for US stocks. The quality band flags trading as not recommended: the stock is still 21.9% above its 200-week moving average, while the financials sector remains in a phase of strength. High-risk entry conditions per our model.