By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 30, 2010
Bank of America Corp. Support & Resistance Levels - 8/30/10
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 another new 52 week low on Friday but managed to close in the green. Bank of America Corp. will hit resistance located at the 10 day moving average which is now $12.89. 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 another new 52 week low on Friday but managed to close in the green. Bank of America Corp. will hit resistance located at the 10 day moving average which is now $12.89. 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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