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andrew.berg

BAC continuation move, weakness after H&S resolved to downside

Short
Bank of America (NYSE:BAC)  
andrew.berg  
NYSE:BAC   Bank of America
financials BAC Head and Shoulders gap Earnings break breakout breakdown
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financials bac headandshoulders gap earnings break breakout breakdown
Banks also continue to look very weak as Bank of America (BAC) broke lower out of a lower level consolidation. The stock gapped down on it's earnings. Now we have point of reference at $14.71, if it will go through previous low of the day I will be considering Short option. Resistance at $14.86 then $15.00, if price will pullback to that area I expect to see some selling. Overall, financial sector shows relative weakness vs broad market and with futeres down we can see some continuation move down in this sector.

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