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
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.
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.
For More Technical Analysis - Click Here
Today's Biggest Stock Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
