BAC Stock Analysis 4/27/09 April 27 2009

The following is a Bank of America ( BAC ) stock technical analysis for April 27, 2009

Bank of America Support & Resistance Levels - 4/27/09

Resistance Levels: $7.00, $7.50, $8.57

Support Levels: $5.95, $5.00

http://stockcharts.com

Bank of America is trading under the 10 day moving average but has managed to hold $7 on the last sell off. $7.00 is now a critical support level that must hold going forward or there would be some major problems. On the upside, a close above $10 would be very bullish and BAC stock would make a run toward the April high of $11.58. After $11.58, there is not much resistance until $13-$14. Investors are eagerly awaiting the bank stress test results due out May 4th For More Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free