By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for May 4, 2010
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Bank of America Corp. Support & Resistance Levels - 5/4/10
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 be trapped between both the 10 & 50 day moving average right now. Bank of America has resistance at $18.50, a close above this level would be very bullish. Meanwhile, a close below the $17.41 would be bearish and we'd probably see more pressure to the downside. However, this would create another excellent buying opportunity.
Bank of America Corp (BAC) continues to be trapped between both the 10 & 50 day moving average right now. Bank of America has resistance at $18.50, a close above this level would be very bullish. Meanwhile, a close below the $17.41 would be bearish and we'd probably see more pressure to the downside. However, this would create another excellent buying opportunity.
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