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Jack Haddad
  • BAC's positive momentum has begun to slow. Sub 10 is due soon. 0 comments
    May 28, 2009 3:20 PM | about stocks: BAC

    BAC's MACD is indicating bearish signal. Although the indicator is above the critical level of 0, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9day moving average or signal line. This suggests that positive momentum has begun to slow. 

    Also, shares are below its 13 day moving average. This bearish sign is even more significant because the moving average is also trending lower.

    Stocks: BAC
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