By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 26, 2010
Bank of America Corp. Support & Resistance Levels - 8/26/10
Resistance Levels: $13, $13.06, $14.30
Support Levels: $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) hit a fresh 52 week low this morning but is seeing a nice bounce going into the close. Bank of America Corp. will hit resistance located at the 10 day moving average which is now $13. A close above $13 would be a very bullish signal. Bank of America doesn't have support until $11.90-$12.20 on the downside. I'd be buying this stock below $13 for the long term.
Bank of America Corp. (BAC) hit a fresh 52 week low this morning but is seeing a nice bounce going into the close. Bank of America Corp. will hit resistance located at the 10 day moving average which is now $13. A close above $13 would be a very bullish signal. Bank of America doesn't have support until $11.90-$12.20 on the downside. I'd be buying this stock below $13 for the long term.
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