WESTON, Fla., Sept. 21, 2009 (GLOBE NEWSWIRE) -- FlowTrades.com, www.FlowTrades.com, an online subscription service that increases confidence in trading stocks by providing in-depth technical analysis of stocks with a simple to use system to lock up profits and limit losses, announces its technical trading outlook for Bank of America (NYSE:BAC).
Bank of America (NYSE:BAC) has emerged from the credit crisis with a formidable portfolio of businesses. In the long run, the much-criticized purchases the bank did during the past year may be proven successful investments, even after these positioned the bank close to failing at the height of the crisis.
Although the Charlotte-based bank has had problems for its purchase of Merrill Lynch, Bank of America (NYSE:BAC) shares should be poised for a breakout. The stock has been trading in a tight range and the overall market direction should propel the breakout.
Bank of America (NYSE:BAC) has been subject to a wave of civil litigation since it closed the purchase of the Wall Street firm.
After the purchase it was revealed that Merrill, with knowledge of high level executives from Bank of America (NYSE:BAC), paid Merrill employees $3.6 billion in bonuses just before the deal closed, even though the bank had lost $27.6 billion that year.
To access the full technical trading outlook on Bank of America (NYSE:BAC) visit www.flowtrades.com/stockbuzz-press/230-bac092009.html
The market is full of both realized and missed opportunities -- don't be left behind. Get ahead with FlowTrades.com.
FlowTrades is an online newsletter for informational purposes only. The service should not be considered as investment advice, endorsement of any security, or as an offer to buy or sell any security.
FlowTrades.com is not a registered investment advisor, and doesn't provide individual investment advice.