BAC insider ownership has increased by 75.89% over the past six months. The company is trading 22% below its 52-week high and has 18% upside potential based on the analysts' consensus mean target price of $9.33 for the company. BAC was trading Thursday at $7.94, up almost 1% for the day.

Fundamentally, BAC has several positives. The company has a forward P/E of 8.46. BAC is trading for 5.99 times fee cash flow. BAC has a net profit margin of 11.62% and a PEG ratio of 1.19. BAC is trading for approximately one-third of book value. EPS next year is expected to rise by 66%.

Technically, BAC is exhibiting positive characteristics. The stock just recently broke out of a descending triangle to the upside. This is extremely bullish. The coveted golden cross was just achieved by the stock. This is when the 50-day SMA crosses above the 200-day SMA and is considered extremely bullish.

The stock has continued to rise in the face of macro headwinds. This tells me the bad news has been priced in to the stock. If you want to reduce risk further wait for the stock to breach and hold above the $8.20 high mark set in June for one week to confirm the uptrend. Nevertheless, I say it is a buy right now.