By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 20, 2010
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Bank of America Corp. Support & Resistance Levels - 8/20/10
Resistance Levels: $13.56, $14.65
Support Levels: $13, $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) is testing that key support level of $13 per share. Bank of America Corp needs to continue to close above this level or the risk of further downside is large. If Bank of America does close below $13, I could see the stock easily testing $12.20 per share at which point becomes a buying opportunity for a trade.
Bank of America Corp. (BAC) is testing that key support level of $13 per share. Bank of America Corp needs to continue to close above this level or the risk of further downside is large. If Bank of America does close below $13, I could see the stock easily testing $12.20 per share at which point becomes a buying opportunity for a trade.
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