By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 4, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/4/11
Resistance Levels: $14.47, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 3/4/11
Resistance Levels: $14.47, $15
Support Levels: $13.60
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) stock continues to trade above the 10 & 50 day moving averages and is trading at $14.23 Friday. Bank of America Corp (BAC) will now have support at $13.60 which is the 200 day moving average. If Bank of America would close below $13.60, 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) stock continues to trade above the 10 & 50 day moving averages and is trading at $14.23 Friday. Bank of America Corp (BAC) will now have support at $13.60 which is the 200 day moving average. If Bank of America would close below $13.60, 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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