By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 11, 2010
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Bank of America Corp. Support & Resistance Levels - 8/11/10
Resistance Levels: $14.00, $14.65
Support Levels: $13.30, $13, $12.20
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is falling in pre market this morning. Bank of America has support located $13.30 as well as $13. If Bank of America fell below $13, I'd starting buying for the long term. Bank of America also has support down at $12.20 and $12 which if we got down there, you could atleast see a nice 6-10% bounce out of the stock. When the stock closes back above the 50 moving average again, this nasty donwtrend will end.
Bank of America Corp (BAC) is falling in pre market this morning. Bank of America has support located $13.30 as well as $13. If Bank of America fell below $13, I'd starting buying for the long term. Bank of America also has support down at $12.20 and $12 which if we got down there, you could atleast see a nice 6-10% bounce out of the stock. When the stock closes back above the 50 moving average again, this nasty donwtrend will end.
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