By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 19, 2010
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Bank of America Corp. Support & Resistance Levels - 8/19/10
Resistance Levels: $13.56, $14.65
Support Levels: $13, $12.20
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) failed at the 10 day moving average on Wednesday and is trading flat so far in pre market. Bank of America Corp has resistance located at $13.50 as well as $14. When Bank of America can close back above $14, I think it has the chance to break out of this nasty downtrend. Most investors won't get involved until the stock closes back above $16.20. Bank of America has support at $13 and then $12.20.
Bank of America Corp. (BAC) failed at the 10 day moving average on Wednesday and is trading flat so far in pre market. Bank of America Corp has resistance located at $13.50 as well as $14. When Bank of America can close back above $14, I think it has the chance to break out of this nasty downtrend. Most investors won't get involved until the stock closes back above $16.20. Bank of America has support at $13 and then $12.20.
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