By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 30, 2010
Bank of America Corp. Support & Resistance Levels - 11/30/10
Resistance Levels: $12, $12.57, $13
Bank of America Corp. Support & Resistance Levels - 11/30/10
Resistance Levels: $12, $12.57, $13
Support Levels: $11.03, $10
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) continues to hold $11.03 but appears as though it will eventually break down again. Bank of America Corp has resistance located at $12.74 followed by $14.06. We won't really know when Bank of America is out of the downtrend until the stock closes back above $14.06. Bank of America has support located at $11.00 but then nothing major until $10. BAC stock is a strong buy below $12 for the long term.
Bank of America Corp (BAC) continues to hold $11.03 but appears as though it will eventually break down again. Bank of America Corp has resistance located at $12.74 followed by $14.06. We won't really know when Bank of America is out of the downtrend until the stock closes back above $14.06. Bank of America has support located at $11.00 but then nothing major until $10. BAC stock is a strong buy below $12 for the long term.
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