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Tuesday, November 2, 2010

Bank of America Corp (BAC) Stock Trading Update

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 2, 2010

Bank of America Corp. Support & Resistance Levels - 11/2/10

Resistance Levels: $12
Support Levels: $11.03, $10.53, $10.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) stock is trading at $11.55 this morning in pre market. Bank of America needs to hold $11 or the stock can easily trade down to $10. Bank of America Corp is trading just below It's previous high at $11.72 and if we see a close above this level, I think Bank of America will bounce back into the $12's. However, the jury is still out on whether or not Bank of America stock has bottomed. Stay Tuned.....


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