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Nathaniel Matherson
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I just finished my first year of college at the University of Delaware where I am double majoring in Finance and Economics. At U of D, I am a member of the Kappa Sigma Fraternity, Blue Hen Investment Club, Financial Management Association, and Dean's List with a GPA of 3.85. I offer a variety... More
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Circa Alpha
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  • Bank Of America Analysis 0 comments
    Jan 29, 2013 3:05 PM | about stocks: BAC

    I keep my technical analysis simple for the most part. Check out my articles on Seeking Alpha for fundamental and technical analysis! You can follow me on Twitter @CircaAlpha and on Stocktwits @Circa! Click on the charts for a larger view:

    Bank of America (BAC)
    I entered into a short position today at $11.51 as I believe shares are looking weak. Shares are under performing the S&P 500 today while crossing below the 10 and 20 day moving averages. I believe we are in the process of setting a lower high. The RSI has also turned lower but is far from oversold territory. I am using $11.75 as my stop loss as this would prove me incorrect. I am targeting $11.00 as an initial target.

    Disclosure: I am short BAC.

    Stocks: BAC
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