By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 18, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/18/11
Resistance Levels: $14.70, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 3/18/11
Resistance Levels: $14.70, $15
Support Levels: $13.53
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (NYSE:BAC) popped another 1.2% on Friday and is back above $14. Bank of America Corp (BAC) will have support at $13.53 which is the current 200 day moving average. If Bank of America would close below $13.53, BAC stock could end up testing $13. Bank of America will now have resistance located at $14 as well as $14.70. BAC continues to be a strong buy below $14. Bank of America Corp (BAC) will become hot again in 2011 after this correction.
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (NYSE:BAC) popped another 1.2% on Friday and is back above $14. Bank of America Corp (BAC) will have support at $13.53 which is the current 200 day moving average. If Bank of America would close below $13.53, BAC stock could end up testing $13. Bank of America will now have resistance located at $14 as well as $14.70. BAC continues to be a strong buy below $14. Bank of America Corp (BAC) will become hot again in 2011 after this correction.
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