Thursday, July 21, 2011

Live Trade: BAC

We are going to take a full position in Bank of America BAC). The shares are cheap they've just had a massive selloff under feverish selling volume which topped 300 million shares which has now turned to buying volume. Also the stochastic has turned up with the red line pulling away from the blue line.

We are going to take 100 shares at $10.22 and put the stop at the 52-week low of $9.40. This will limit our loss to $82.

Buy 100 shares BAC at $10.22
Stop at $9.40

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