Bank of America
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BAC $32.50 Bullish Triangle Breakout

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After rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104

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