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Stock Market Closing Report - 12/8/20 December 8, 2020

Wednesday, December 8, 2010

Bank of America Corp (BAC) Stock Analysis

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 8, 2010

Bank of America Corp. Support & Resistance Levels - 12/8/10

Resistance Levels: $12, $12.57, $13
Support Levels: $11.35, $11
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) is getting a lift today despite the stock market being flat. Bank of America Corp will have resistance at the previous high located at $11.88 as well as $12. After $12, the next major resistance level for Bank of America is the 50 day moving average located at $12.05. 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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