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Benzinga

Business

Melanie Schaffer

Bank Of America Stock Forms This Pattern And Here's How To Trade It

Bank of America Bank of America Corporation NYSE

Bank of America Corporation (NYSE:BAC) gapped down 1.7% on Wednesday morning, but bulls came in and bought the dip, which caused the stock to rise up and completely fill the gap.

The price action may serve as the next consecutive lower low in the downtrend pattern that Bank of America has been trading in since March 22, when the stock topped out at the $44.63 level.

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