By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 8, 2010
Bank of America Corp. Support & Resistance Levels - 11/8/10
Resistance Levels: $12.71, $13, $13.75
Bank of America Corp. Support & Resistance Levels - 11/8/10
Resistance Levels: $12.71, $13, $13.75
Support Levels: $12.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is slightly higher today but failed to break Friday's high of $12.71. Bank of America Corp will need to break this high to have a further break out. On the downside, Bank of America will have support around $12. If Bank of America would break below $12, I'd move to the sidelines and wait it out. Most people I talk to seem to think Bank of America put in the lows for 2010 already.
Bank of America Corp (BAC) is slightly higher today but failed to break Friday's high of $12.71. Bank of America Corp will need to break this high to have a further break out. On the downside, Bank of America will have support around $12. If Bank of America would break below $12, I'd move to the sidelines and wait it out. Most people I talk to seem to think Bank of America put in the lows for 2010 already.
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