By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 18, 2010
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Bank of America Corp. Support & Resistance Levels - 8/18/10
Resistance Levels: $13.56, $14.65
Support Levels: $13, $12.20
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. continues to hold the $13 support level. Bank of America Corp. finally made a higher high and appears to have put in another short term bottom. Bank of America now has resistance at $13.45 followed by $13.56 which is the 10 day moving average. A close above this level would be one step in the right direction towards breaking out of this uptrend.
Bank of America Corp. continues to hold the $13 support level. Bank of America Corp. finally made a higher high and appears to have put in another short term bottom. Bank of America now has resistance at $13.45 followed by $13.56 which is the 10 day moving average. A close above this level would be one step in the right direction towards breaking out of this uptrend.
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