7.26.17 | BAC | 30 min. Breakout
Updated
Breakout on the cup and handle diverged and formed a small double top which is now reversing with the breakout of a falling wedge. I expect this to rally for the rest of the day and gap up in the morning following a rally for the rest of the day tomorrow. The fed meeting today did not leave investors with any surprise's and Bank stocks do not have anything to fear based on the latest policy meeting. On the uptick BAC has announced a dividend increase of 85% $.07 to $.13 to go into affect at he beginning of September.
Note
Trade Idea Voided on 7.27.17 (14:30:00)
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