By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for February 22, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 2/22/11
Resistance Levels: $14.57, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 2/22/11
Resistance Levels: $14.57, $15
Support Levels: $14, $13.97, $13.71
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed at $14.18 on Tuesday. Bank of America Corp (BAC) will now hit support at $13.97 which is the 50 day moving average. If Bank of America would close below $13.97, BAC stock would probably test the 200 day moving average. Bank of America will have resistance located at $14.52 . BAC is now a strong buy below $14. Bank of America Corp is becoming hot again in 2011 after this correction.
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