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Monday, December 27, 2010

Bank of America Corp (BAC) Stock Analysis 12/27/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 27, 2010

Bank of America Corp. Support & Resistance Levels - 12/27/10

Resistance Levels: $13.65

Support Levels: $13, $12.72
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) hit $13.40 in early trading and is continuing the recent break out today. Bank of America has support around $12.50 now and should hold this level from here on out. Bank of America Corp has resistance at $13.65 as well as $14.05. Bank of America is most likely going to retest the 200 day moving average in the next few months. BAC stock is a strong buy below $12.

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