By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for May 3, 2010
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Bank of America Corp. Support & Resistance Levels - 5/3/10
Resistance Levels: $18.50, $18.91
Support Levels: $17.41, $17, $16.45
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) continues to trade between the 10 day moving average and the 50 day moving average. Bank of America closed slightly above the 10 day on Thursday but could not hold it on Friday. At this point, I think you have to wait for a close above $18.50 for the green light. $18.50 has been a stubborn level for the past week. $17.41 is your downside support.
Bank of America Corp (BAC) continues to trade between the 10 day moving average and the 50 day moving average. Bank of America closed slightly above the 10 day on Thursday but could not hold it on Friday. At this point, I think you have to wait for a close above $18.50 for the green light. $18.50 has been a stubborn level for the past week. $17.41 is your downside support.
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