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: $12
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) surged 5% on Thursday and closed above the 50 day moving average for the first time since October 2010. Bank of America Corp will most likely break the previous high of $12.73 tomorrow which should break the stock out of this nasty downtrend. Bank of America will now have resistance at around $13.65 but then nothing until $14.05. Bank of America continues to be a strong buy below $12.
Bank of America Corp (BAC) surged 5% on Thursday and closed above the 50 day moving average for the first time since October 2010. Bank of America Corp will most likely break the previous high of $12.73 tomorrow which should break the stock out of this nasty downtrend. Bank of America will now have resistance at around $13.65 but then nothing until $14.05. Bank of America continues to be a strong buy below $12.
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