B of AÂ (BAC)Â continues to be one of the leading Ex-Dow 30 – Industrials composite Companies. It is on a Strong Hold, but my Indicators are breaking down. I believe it will continue to try to test its highs in the coming weeks. It has been on a steady rise in price since the lows of $5.00 per share in December 2011. My weekly study / forecast of all my High Profile Financial / Major Banks is how I determine WHY.
A Pull-Back could well be in the making for (BAC) as well as for the Banking Industry.
You may want to review my articles on BAC (just click) you will be provided with the exact history of the accuracy of my Forecasting / Formal Recommendations and much more.
Performance (my 5-Year Table) for Bank of America is available by clicking: (BAC) . I treat BofA just like any other Company, and my performance is an excellent credential that I will not hesitate to move my Clients to Cash when my Forecast dictates.
I have completed my weekly study of all my High Profile Financial / Bank Companies. I suggest that there is little support for notably higher prices in the making.
My objective is to identify changing trends for my forecasting analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this sector and industry group.
A Special Note for Seniors & Retired Investors – Dividend Yield:0.24% This is one of those Companies that is stingy with dividends, but when it moves, up or down it does so with gusto.
Forecast w/ Performance:
Note: The below Table is for your review, questions and perhaps thoughts. If you would like to “Invest Wisely” in my “Income & Growth Asset Allocation Model,” please email me to open a dialog on how I go about providing superior performance with a very low threshold of risk.
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My current forecast is not as bright as you may think! (I will be more specific upon your email request).
