By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 1, 2010
Bank of America Corp. Support & Resistance Levels - 9/1/10
Resistance Levels: $13, $13.91, $14.30
Support Levels: $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) is spiking back above $12.68 which is It's 10 day moving average today. Bank of America Corp will have resistance located at $13 but then nothing until $13.91 which is It's 50 day moving average. I continue to view Bank of America stock as a solid long term buy below $13. While it's a bit to early to say if Bank of America has bottomed, today's move higher off the low is a step in the right direction.
Bank of America Corp. (BAC) is spiking back above $12.68 which is It's 10 day moving average today. Bank of America Corp will have resistance located at $13 but then nothing until $13.91 which is It's 50 day moving average. I continue to view Bank of America stock as a solid long term buy below $13. While it's a bit to early to say if Bank of America has bottomed, today's move higher off the low is a step in the right direction.
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