Break Of America
Some interesting “pivots” happening in the world of banking stocks, such as Bank of Montreal (BMO). One in particular that caught my eye this morning was mega-cap Bank of America (BAC) which has been pounding out a series of higher highs and higher lows since the depths of the financial crisis. It seems to have stalled at the red horizontal, however, and this morning we’re seeing an intriguing flip lower.
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Disclosure: None.