By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 23, 2010
Bank of America Corp. Support & Resistance Levels - 8/23/10
Resistance Levels: $13.56, $14.65
Support Levels: $12.20
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) closed below $13 on Friday and could now test $11.90-$12.20 which is the next major support area. Bank of America Corp will continue to find selling resistance located at the 10 day moving average ( currently $13.26 ). Bank of America becomes a short term buy when the stock closes back above the 10 day moving average. Rallies back to $14-$14.50 should now be sold.
Bank of America Corp. (BAC) closed below $13 on Friday and could now test $11.90-$12.20 which is the next major support area. Bank of America Corp will continue to find selling resistance located at the 10 day moving average ( currently $13.26 ). Bank of America becomes a short term buy when the stock closes back above the 10 day moving average. Rallies back to $14-$14.50 should now be sold.
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