Today’s top investment story is UBS Yield Enhancement Strategy (YES). It uses a strategy similar to “iron condor” that is extremely vulnerable to volatile markets. Due to the turbulent markets, many investors have allegedly experienced losses and are filing UBS Yield Enhancement lawsuits to recover losses.
Matt Thibaut, a partner at Haselkorn & Thibaut P.A., said, “UBS investors who invested in the UBS Yield Enhancement Strategies (YES) continued to weigh their recovery options. UBS seems poised to defend itself with various risk disclosures, but we have found that the risk disclosures that UBS appears to base its defense haven’t been thoroughly discussed, or even mentioned in many cases, with Clients and their once trusted UBS advisors. Seems like gotcha.”
Haselkorn & Thibaut, InvestmentFraudLawyers.com, are committed to handling investment loss recovery cases and representing investors nationwide, investigate UBS in relation to their sales practices relating to Improved Outcome Strategies ( “YES”).
Investors can 888-628-5590 for a no-cost consultation to review their options to recover losses.
Bank of America Corp. (BAC/NYSE): Possible Short Position
Since the beginning of August, Bank of America shares have lost more than 13.5% and are currently trading at a 6-month low. According to the results of the last quarter, the return on capital and assets rose to 11.6% and 1.23%, respectively. In addition, over the past few years, the bank has increased its loan portfolio by 4%, which is twice as high as the flagship in the industry JPMorgan Chase. Nevertheless, macroeconomic instability and a decrease in net interest margin put pressure on the issuer’s shares.
Over the past week, Bank of America shares fell 0.94%. The S&P 500 index fell 1.06% over the same period.
| Scenario | |
|---|---|
| Timeframe | Intraday |
| Recommendation | SELL STOP |
| Entry Point | 26.25 |
| Take Profit | 25.50, 24.75, 24.00 |
| Stop Loss | 26.50, 27.00 |
| Key Levels | 24.00, 25.15, 26.25, 27.30, 27.85, 28.85 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 27.35 |
| Take Profit | 28.80, 29.50 |
| Stop Loss | 26.50 |
| Key Levels | 24.00, 25.15, 26.25, 27.30, 27.85, 28.85 |
Support and resistance
The stock is dominated by “bearish” sentiment. #BAC quotes are currently testing key lows. The issuer is consolidating near the support level of 26.25. The level of 27.30 acts as local resistance. There is potential for further decline. The signals of the indicators are ambiguous: the price fixed below MA (50) and MA (200); MACD began to rise. It is better to open positions from key levels.
A comparative analysis of the multiples of the company and competing companies in the industry indicates the neutrality of #BAC.
Resistance levels: 27.30, 27.85, 28.85.
Support levels: 26.25, 25.15, 24.00.
Short positions can be opened after the price consolidates below the level of 26.25. The closing of the profitable positions is possible at the levels of 25.50, 24.75 and 24.00. Stop loss is 27.00.
Long positions can be opened after the price consolidates above the level of 27.30 with the targets at 28.80–29.50. Stop loss is 26.50.
Implementation period: 3 days.
