BAC cup and handle targets 62.50 & 70-72

Bank of America (BAC) is pressuring the late 2006 to late 2007 pre-financial crisis highs at 52.94-55.08. The breakout from a late 2021 into mid 2025 bullish cup and handle pattern remains intact above 50-48 and supports the case for sustained all-time highs with upside counts at 62.50 and 71.00-72.00. We highlighted the potential for this bullish cup and handle pattern breakout in our July 31, 2025, The Stock Pulse.

BAC has improved relative to the S&P 500 since late 2023. Continuing to defend the weekly relative price moving averages on relative price dips would support this leadership trend for BAC.

Chart 1: Bank of America (BAC) (top) and relative to the S&P 500 (bottom): Weekly chart

If BAC can decisively surpass the 55.08-56.19 (2006 peak and the 100% extension of the late 2023 into late 2024 rally projected from the April 2025 low), it would bode well BAC and increase the potential for the stock to reach the low 70s.

The monthly volume advance decline shows accumulation, which is a leading to confirming bullish indicator for price.

Chart 2: Bank of America (BAC) (top) and the volume advance decline indicator (bottom): Monthly chart