By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 4, 2010
Bank of America Corp. Support & Resistance Levels - 12/4/10
Resistance Levels: $12, $12.57, $13
Bank of America Corp. Support & Resistance Levels - 12/4/10
Resistance Levels: $12, $12.57, $13
Support Levels: $11.35, $11
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is rallying back to the 50 day moving average which will be the first wave of resistance going forward. Bank of America Corp is now trading back above it's 10 day moving average which is bullish. After the 50 day, the next major resistance level for Bank of America is located at $12. If Bank of America can close and hold $12 again, I think the bottom will be in for the year. Bank of America continues to be a strong buy below $12.
Bank of America Corp (BAC) is rallying back to the 50 day moving average which will be the first wave of resistance going forward. Bank of America Corp is now trading back above it's 10 day moving average which is bullish. After the 50 day, the next major resistance level for Bank of America is located at $12. If Bank of America can close and hold $12 again, I think the bottom will be in for the year. Bank of America continues to be a strong buy below $12.
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