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Saturday, February 26, 2011

Bank of America Corp (BAC) Stock Analysis 2/26/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for February 26, 2011

Bank of America Corp. (BAC) Support & Resistance Levels - 2/26/11

Resistance Levels: $14.54, $15

Support Levels: $13.66

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) stock closed at $13.20 today and is now between the 10 & 50 day moving averages. Bank of America Corp (BAC) will now have support $13.66 which is the 200 day moving average. If Bank of America would close below $13.67, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.54. BAC continues to be a strong buy below $14. Bank of America Corp will become hot again in 2011 after this correction.

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