By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - June 12, 2012
Bank of America (BAC) Support & Resistance Levels - 6/12/12
Resistance Levels: $7.90, $8.11
Support Levels: $7.17, $6.85
Chart - http://www.stockcharts.com
Bank of America (BAC) stock hit $7.77 on Monday but then dropped back below $7.30. Bank of America (BAC) will have support down at $7.17 which is the 200 day moving average. If Bank of America (BAC) drops below $6.85, the next major level to watch is $6.71. I feel BAC stock is a strong buy below $7. I currently have an $8.50 price target on Bank or America (BAC) for the rest of 2012.
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