By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - May 31, 2012
Bank of America (BAC) Support & Resistance Levels - 5/31/12
Resistance Levels: $7.50, $7.78
Support Levels: $7.10, $6.72
Chart - http://www.stockcharts.com
Bank of America (BAC) stock closed at $7.20 on Wednesday which is above the 200 day moving average. Bank of America (BAC) will have support down around $7.17 and is a buy below $7.00 on any additional selling pressure. I am putting an $8.50 price target on Bank or America (BAC) for the rest of 2012.
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