By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 3, 2011
Bank of America Corp. Support & Resistance Levels - 1/3/11
Resistance Levels: $14.32, $14.62, $15
Support Levels: $14, $13, $12.72
Bank of America Corp. Support & Resistance Levels - 1/3/11
Resistance Levels: $14.32, $14.62, $15
Support Levels: $14, $13, $12.72
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is rallying back to the 200 day moving average located at $14.32. Bank of America closed at $14.19 today which is just shy of that level but in opening 2011 with a bang. Bank of America will have resistance located at $14.62 after the 200 day moving average as well as $15. On the downside, BAC is a strong buy below $13 if we see a pullback. Bank of America Corp and the financials will be a hot in 2011.
Bank of America Corp (BAC) is rallying back to the 200 day moving average located at $14.32. Bank of America closed at $14.19 today which is just shy of that level but in opening 2011 with a bang. Bank of America will have resistance located at $14.62 after the 200 day moving average as well as $15. On the downside, BAC is a strong buy below $13 if we see a pullback. Bank of America Corp and the financials will be a hot in 2011.
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