Bank of America (BAC) Stock Analysis June 28, 2012

By Tim - http://stockstobuy.org - Twitter - @stockstobuy -

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - June 28, 2012

Bank of America (BAC) Support & Resistance Levels - 6/28/12

Resistance Levels: $8.22

Support Levels: $7.17

Chart - http://www.stockcharts.com

Bank of America (BAC) stock is back testing the 10 & 50 day moving averages. Bank of America (BAC) will have support down at $7.50. If Bank of America (BAC) drops back below $7.50, the next major level to watch is $7.17. 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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