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Monday, February 7, 2011

Bank of America Corp (BAC) Stock Analysis 2/7/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for February 7, 2011

Bank of America Corp. (BAC) Support & Resistance Levels - 2/7/11

Resistance Levels: $15

Support Levels: $14, $13.90, $13.35

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) closed at $14.72 on Monday. Bank of America Corp (BAC) is breaking out now and will hit resistance on the upside at $15 followed by $15.31. If Bank of America would break up through $15.31, BAC stock would head back into the $16-$17 range. Bank of America will now have some nice support around $14. BAC is now a strong buy below $14. Bank of America Corp is becoming hot again in 2011 after a brief correction.

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