Buy signal, week 4 · +6.52% since entry
Bank of America climbs 1.6% and stays pinned near the highs with earnings just ahead
Buy signal, week 4 · +6.52% since entry
Our view last week
Bank of America is 3 weeks into a buy signal, and the trade is already up 4.8% since entry. The technical picture stays bullish but signal strength has cooled to a medium-weak level, while the stock is hugging its recent highs. The stop has already been moved to breakeven: the position's risk is now zeroed out.
This week's summary
Bank of America closed the week up 1.6%, but the price is boxed into a very tight band under its recent highs, between the daily pivot point and its moving average. The Buy signal is in its fourth week, the trade climbs to +6.52% since entry, and signal strength keeps cooling, now at 29 out of 100. This technical analysis stays bullish overall, with quarterly earnings due this week.
IQS Phase
72
in tension
Signal Strength
29
low · fading
Sizing
MINIMUM
Ranking
#120 / 129
US stocks in progress
Trade P&L %
+6.52%
from signal to today
restricted Platinum content