Simiar to Microsoft, Bank of America is also currently consolidating between the $37.55 and $35.41 range. A breakout of either direction could present opportunities to investors and short sellers alike. A daily close above $37.55 could suggest potential upside. This price action could also formed an EMA10-EMA20 golden cross, another clue of potential upside. Bank of America’s MACD also in bullish crossover, suggesting this upside potential is not far-fetched. This potential upside could reach either $38.75 or $40.37 resistance. Alternatively, a daily close below the $35.41 handle could provide short selling opportunities for an immediate retest of $34 with another support further lower at $32.96. The latter was the year to date low.