On Tap for This Week: Bank of America Corporation (BAC), Infosys Limited (INFY)?

Bank of America Corporation (NYSE:BAC) average daily volatility for this week is 1.49% which is less than the 2.01% recorded over the past month. Its shares dropped by -13.19% or -$4.36 from its last recorded high of $33.05 which it attained on December 03 to close at $28.69 per share. Over the past 52 weeks, the shares of Bank of America Corporation has been trading as low as $22.66 before witnessing a massive surge by 26.61% or $6.03. This price movement has led to the BAC stock receiving more attention and has become one to watch out for. It jumped by 0.99% on Tuesday and this got the market excited. The stock’s beta now stands at 1.51 and when compared to its 200-day moving average and its 50-day moving average, BAC price stands -0.62% below and 7.7% above respectively.

Bank of America Corporation (BAC) sank -0.31% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -5.41% and is now up by 16.44% since start of this year. A look at its monthly performance shows that the stock has recorded a 10.22% gain over the past 30 days. Its equity price dipped by -0.62% over the past three months which led to its overall six-month decrease to stand at -8.02%.

A look at BAC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.57 point. Its trading volume has lost -26000000 shares compared to readings over the past three months as it recently exchanged 49144801 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 75180000 shares, and this is 0.65 times the normal volume.

Analysts have predicted a price target for Infosys Limited (INFY) for 1 year and it stands at an average $10.91/share. This means that it would likely increase by 1.3% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $7. On the other hand, one analyst is super bullish about the price, setting a target as high as $13.2.

Analysts view Infosys Limited (NYSE:INFY) as a Hold, with 2.8 consensus rating. Reuters surveyed 15 analysts that follow INFY and found that 12 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Infosys Limited (INFY) shares or sell it if they already own it.