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Actionable news in BAC: BANK OF AMERICA CORPORATION,

Bank of America's Momentum Will Carry It Even Higher

Bank of America (BAC - Get Report) surged over 5.3% on Wednesday with the help of a big post-Fed volume surge. The stock was slightly higher heading into the final two hours of trade before exploding to the upside following the Fed's hint of a rate hike in December. Bank of America ended Wednesday's session well above its 200-day moving average and within pennies of erasing the entire August flush.

This high-momentum move signals more upside in the near term. Through year-end, investors should consider any pullback a buying opportunity.

Click here to see the below chart in a new window.

Following Wednesday's breakout, the...


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