By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - July 3, 2012
Bank of America (BAC) Support & Resistance Levels - 7/3/12
Resistance Levels: $8.39, $8.50
Support Levels: $7.48
Chart - http://www.stockcharts.com
Bank of America (BAC) stock took a pause but bounced off the 10 day moving average on Monday. Bank of America (BAC) will have support down at $8.00 and $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. That price target is likely to be met soon.
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