By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 6, 2010
Bank of America Corp. Support & Resistance Levels - 12/6/10
Resistance Levels: $12, $12.57, $13
Bank of America Corp. Support & Resistance Levels - 12/6/10
Resistance Levels: $12, $12.57, $13
Support Levels: $11.35, $11
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) fell 2% on Monday. However, Bank of America Corp is now trading back above it's 10 day moving average which is bullish. After $12, the next major resistance level for Bank of America is the 50 day moving average located at $12.11. 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) fell 2% on Monday. However, Bank of America Corp is now trading back above it's 10 day moving average which is bullish. After $12, the next major resistance level for Bank of America is the 50 day moving average located at $12.11. 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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