By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for May 5, 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
Bank of America Corp. Support & Resistance Levels - 5/5/10
Resistance Levels: $18.50, $18.91
Support Levels: $17.41, $17, $16.45
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed below the 50 day moving average on Tuesday. Bank of America has support located at $17.41 but then nothing until around $17. I view anything below $18 as a strong buy for the long term so I would be a buyer down here. The stock won't start a new uptrend until it can close above the 10 day moving average and actually hold it.
Bank of America Corp (BAC) closed below the 50 day moving average on Tuesday. Bank of America has support located at $17.41 but then nothing until around $17. I view anything below $18 as a strong buy for the long term so I would be a buyer down here. The stock won't start a new uptrend until it can close above the 10 day moving average and actually hold it.
Today's Biggest Stock Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
