Bank of America Corporation Stock Chart - The following is Bank of America Corp.(NYSE:BAC) technical analysis for August 13, 2009Bank of America Support & Resistance Levels - 8/13/09
Resistance Levels: $17.35, $17.93
Support Levels: $16, $15.40
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Bank of America Corporation is up big today on news that John Paulson took a huge 168 million share stake in the stock during the 2nd quarter. After a sucessful retest of the 10 day moving average over the past two days, BAC is back testing $17.
I continue to like pullbacks into the $15's but will be watching two key resistance levels going forward. These two resistance levels are $17.35 from last week and the major resistance level of $17.93 from December 2008. A close over $17.93 would spark a run toward $20. For More Technical Analysis - Go Here
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