Bank of America Shows Bullish Technical Setup

Bank of America exhibits a bullish technical setup with strong price action, momentum, and institutional volume accumulation. BAC's price remains above its 30-week EMA, with both short-term and long-term momentum indicators signaling strength. Relative strength versus the S&P 500 is improving since March. BAC's Quant Rating ranks it #1 among diversified banks. Analysts note no stock positions but may initiate a long position in BAC.