BAC - Bank Of America's Bullish Trajectory Ahead Of Q2 Earnings: What Technicals Reveal | Benzinga
Bank of America Corp (NYSE:BAC) will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.
The stock is up 43.07% over the past year, 24.74% YTD.
Let’s look at what the charts indicate for Bank of America stock, and how the stock currently maps against Wall Street estimates.
Bank of America Stock’s Strong Bullish Momentum Ahead Of Q2 Earnings
Bank of America Corp (NYSE:BAC) is showing strong bullish momentum, with its share price of $41.94 comfortably above the 5, 20, and 50-day exponential moving averages (EMAs), indicating a solid uptrend.
Chart created using Benzinga Pro
The stock is also trading above its 8-day, 20-day, ...