By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 9, 2010
Bank of America Corp. Support & Resistance Levels - 12/9/10
Resistance Levels: $12.73, $13
Bank of America Corp. Support & Resistance Levels - 12/9/10
Resistance Levels: $12.73, $13
Support Levels: $11.35, $11
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) broke up above $12 today and is breaking out once again. Bank of America Corp is now back above the 50 day moving average for the first time since Mid October. Bank of America will now move higher toward $12.73 resistance. If Bank of America can close above $12.73, I could make the argument that the bottom is in for the stock. Bank of America continues to be a strong buy below $12.
Bank of America Corp (BAC) broke up above $12 today and is breaking out once again. Bank of America Corp is now back above the 50 day moving average for the first time since Mid October. Bank of America will now move higher toward $12.73 resistance. If Bank of America can close above $12.73, I could make the argument that the bottom is in for the stock. Bank of America continues to be a strong buy below $12.
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