By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 2, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/2/11
Resistance Levels: $14.47, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 3/2/11
Resistance Levels: $14.47, $15
Support Levels: $13.62
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) topped out at $14.47 on Monday and is now going down. Bank of America Corp (BAC) will now have support $13.62 which is the 200 day moving average. If Bank of America would close below $13.62, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.47. BAC continues to be a strong buy below $14. Bank of America Corp will become hot again in 2011 after this correction.
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) topped out at $14.47 on Monday and is now going down. Bank of America Corp (BAC) will now have support $13.62 which is the 200 day moving average. If Bank of America would close below $13.62, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.47. 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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