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Friday, November 12, 2010

Bank of America Corp (BAC) Tests $12

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 12, 2010

Bank of America Corp. Support & Resistance Levels - 11/12/10

Resistance Levels: $12.73, $13, $13.75
Support Levels: $12.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) just fell below $12.20 as the stock market is getting wacked. Bank of America will have support down $12 which needs to hold on a closing basis. Bank of America Corp will continue to have resistance located at the 50 day moving average ($12.73). If Bank of America can close above the 50 day moving average, I feel it can run back into the mid $13's.

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