January 20, 2017 - 05:40 AM
At Day Traders Group our trading group has been investing in leading financial stocks such as (GS) Goldman Sachs Group, Inc, (BAC) Bank of America, (JPM) JP Morgan, also (C) Citigroup and (XLF) Financial Select Sector SPDR
Recent technical events have given investors another incredible short term opportunity:
Bank of America (BAC):
Bank of America is a leader as a worldwide financial powerhouse as well as one of the world's leading financial institutions, serving all types of investors from individual consumers, small and middle-market businesses to large corporations and hedge funds with a full spectrum of banking services for investing, asset management and other financial and risk management services and products for the diversified investor.
Bank of America (BAC) reported strong 4th quarter earnings, in line with the company’s guidance. Bank of America's management team attributed the growth in earnings to the institutions disciplined cost management strategies.
Earnings of BAC’s peers (XLF) JPMorgan (JPM) and Wells Fargo (WFC) also beat estimates on better interest related income as well as strong trading revenues. Consumer banking and trading businesses displayed healthy growth.
Previous Close 22.63
Open 22.73
Bid0.00 x
Ask0.00 x
Day's Range 22.41 - 22.81
52 Week Range 10.99 - 23.41
Volume 75,954,612
Avg. Volume 120,082,340
Market Cap227.67B
Beta1.31
PE Ratio (TTM)16.48
EPS (TTM)1.37
Earnings Date Apr 12, 2017 - Apr 17, 2017 ⚠️
Dividend & Yield 0.30 (1.36%)
Ex-Dividend DateN/A
Analyst' Consensus 1y Target Est 24.79⚠️
Algorithmic Target (members only) 🔓
Pattern Recognition Event (members only) 🔓
Forward Price/Earnings 13.1
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Recent Technical Events:
Printed Inside bar on Jan-18-27 ⚠️
Homing Pigeon Printed on Jan 13-17⚠️
Bollinger Band Contraction ⚠️
Long term trend: bullish✔️
Short float: 1.70%
RSI (14) 46.20
resistance 28,367 (38.2 Fibonacci⚠️
resistance 24.911
resistance 23.322 (50% Fibonacci)⚠️
resistance 22.661
support 21.982
support 20.653
support 19.174
support 18.163
support 16.985
If you were following our trades on 12:51 PM - 10 Nov 2016 we alerted members of our group that a powerful algorithmic trading pattern had triggered in the Financial sector. We alerted our members on Nov 10th at 12:51 PM that we were scaling into XLF Feb 24 calls @ .06 etc we also shared our target, stop and how long the trade would likely last....
We also had alerted our members that we had loaded up on BAC calls and GS calls and a few other financial powerhouses in this sector....
We had the powerful algorithmic buy signal, but here's what made us go "all in" :
On 12:51 PM - 10 Nov 2016 we detected (in real time) millions of dollars flowing into Feb 24 calls in XLF - which also confirmed our new algorithmic buy signal so we alerted our members that we were scaling into XLF call options with the 24 strike for .06 ea when XLF was trading at 21.18 - if you go back and look you will see a huge volume bar on that date as XLF was breaking out - check out the volume on any chart for Nov 10 2016
On 2:46 PM 8 Dec 2016 we alerted our members that we were scaling out of our XLF calls for .65 from .06
Let that sink in for a moment... had you invested 1,800 into Bank of America call options after our alert your investment would have grown into $19,500 in less than 3 weeks - Check out the time-stamped trades we posted for the skeptics at @Daytradersgroup
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Full Disclosure: DT Group has stock options positions in BAC
