By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 2, 2010
Bank of America Corp. Support & Resistance Levels - 9/2/10
Resistance Levels: $13.87, $14.64
Support Levels: $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp. (BAC) rallied for the 2nd straight day ahead of the jobs number due out on Friday. Bank of America Corp is up about 10% from the low on Wednesday and I view the stock as a strong buy below $13. Bank of America will now have resistance located at the 50 day moving average ( $13.87 ). If Bank of America can close above this level and hold for a few days, the stock will be in a new uptrend.
Bank of America Corp. (BAC) rallied for the 2nd straight day ahead of the jobs number due out on Friday. Bank of America Corp is up about 10% from the low on Wednesday and I view the stock as a strong buy below $13. Bank of America will now have resistance located at the 50 day moving average ( $13.87 ). If Bank of America can close above this level and hold for a few days, the stock will be in a new uptrend.
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