After 10 years of down-trend, it looks like Bank of America might finally be resuming its long-term up-trend.
It has recently broken through its 44-year moving average (shown by the dark-blue line), and also through its 9-year moving average (shown by the light-blue line).
If a break-out is successful, we can expect BAC to head to new highs over the next 10 years, which makes it a good candidate for a buy-and-hold retirement portfolio.
It has recently broken through its 44-year moving average (shown by the dark-blue line), and also through its 9-year moving average (shown by the light-blue line).
If a break-out is successful, we can expect BAC to head to new highs over the next 10 years, which makes it a good candidate for a buy-and-hold retirement portfolio.