By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 26, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/26/11
Resistance Levels: $14.29
Bank of America Corp. (BAC) Support & Resistance Levels - 3/26/11
Resistance Levels: $14.29
Support Levels: $13.00, $12.25
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (NYSE:BAC) closed below the 200 day moving average on Friday. Bank of America Corp (BAC) will have support at $13.00 followed by $12.87. If Bank of America would close below $13.00, BAC stock could end up testing $12.25. Bank of America will now have resistance located at $14.29. 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) closed below the 200 day moving average on Friday. Bank of America Corp (BAC) will have support at $13.00 followed by $12.87. If Bank of America would close below $13.00, BAC stock could end up testing $12.25. Bank of America will now have resistance located at $14.29. 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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