Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 30, 2009Bank of America Corp. Support & Resistance Levels - 10/30/09
Resistance Levels: $16.23, $16.65, $17.06, $17.50
Support Levels: $15, $14, $13.61
Chart - http://stockcharts.com/
Discuss Stocks - http://stockstobuy.org
Bank of America broke up through resistance at $15.54 on Thursday as the stock market rallied. I am looking for BAC to retest the 10 day moving average located at $16.23 but falling rapidly. A close over this level would be bullish and I think there will be further upside. A close back above the 50 day moving average ( currently $17.06 ) would be a longer term buy signal. On the downside, $15 appears to be a very solid support level. A break below this level would be bearish and I would be a seller. For More Technical Analysis - Go Here
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
