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Monday, December 20, 2010

Bank of America Corp (BAC) Stock Analysis 12/20/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 20, 2010

Bank of America Corp. Support & Resistance Levels - 12/20/10

Resistance Levels: $12.88, $13

Support Levels: $12, $11

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) stock can go either way at this point. Bank of America has support down around the $12 area. Bank of America Corp has resistance on the upside at $12.88 as well as $13. Bank of America should have another break out when the stock breaks above $13. BAC stock is a strong buy below $12.

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