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Friday, August 6, 2010

Bank of America Corp BAC Stock Analysis 8/6/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 6, 2010

Bank of America Corp. Support & Resistance Levels - 8/6/10
Resistance Levels: $14.65, $14.89

Support Levels: $13.85, $13.30

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) is trading around $13.85 this morning as the stock market futures are dropping on the jobs report. Bank of America closed back below the 10 day moving average on Thursday which was bearish. Support is located at $13.30 but then nothing until $13. I continue to think Bank of America stock is a great long term buy below $13.50. We will look back in a few years and wish we bought more stock down here.

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