Bank of America Corp BAC Stock Analysis 12/16/09

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC)technical analysis for December 16, 2009

Bank of America Corp. Support & Resistance Levels - 12/16/09

Resistance Levels: $16.09, $16.74, $17, $19.09

Support Levels: $15, $14.11, $13.60

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Bank of America continues to close below both the 10 and 50 day moving averages. As long as BAC remains below these two levels, the downside risk is great. Support is located at $15, a close below $15 would be bearish and you could see BAC possibly retest the $14.11 low from October. On the upside, I will be buying Bank of America when the stock closes back above It's 50 day moving average located at $16.09.

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