Bank of America Corporation : Continuation of the downward trend
Entry price | Target | Stop-loss | Potential |
---|
US$27.76 |
US$24.51 |
US$29.5 |
+11.71% |
---|
The technical chart pattern of stocks in Bank of America suggests a continuation of the underlying downward trend, which has already been in place for a number of trading sessions.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Considering the small differences between the analysts' various estimates, the group's business visibility is good.
● Historically, the company has been releasing figures that are above expectations.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 9.76 for the current year.
● Analysts covering this company mostly recommend stock overweighting or purchase.
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
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