Bank of America BAC Stock Analysis 8/10/09

Bank of America Corporation Stock Chart - The following is Bank of America Corp.(NYSE:BAC) technical analysis for August 10, 2009

Bank of America Support & Resistance Levels - 8/10/09

Resistance Levels: $17.35, $17.93

Support Levels: $15, $13

Chart - http://stockcharts.com/

Discuss Stocks - http://stockstobuy.org/

BAC fell short of the $17.93 resistance level from last December and the short term high of $17.35. These two levels will be very important resistance going forward. If BAC can close above $17.93, I think it could run toward $20-$22. I will be a buyer of pullbacks to the 10 day moving average and get more aggressive if Bank of America would retrace back to the 50 day moving average.

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