By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 27, 2010
Bank of America Corp. Support & Resistance Levels - 9/27/10
Resistance Levels: $14.06, $14.64
Support Levels: $13.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is trading at the lows this morning as the stock market is slightly lower. Bank of America Corp has support on the downside at $13 with resistance on the upside at $14. As soon as Bank of America closes and remains above $14 for some time, I think you will see the shorts cover and the stock move higher. If we see Bank of America Corp drop below $13, I think it becomes a solid long term buy.
Bank of America Corp (BAC) is trading at the lows this morning as the stock market is slightly lower. Bank of America Corp has support on the downside at $13 with resistance on the upside at $14. As soon as Bank of America closes and remains above $14 for some time, I think you will see the shorts cover and the stock move higher. If we see Bank of America Corp drop below $13, I think it becomes a solid long term buy.
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