Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 17, 2009Bank of America Support & Resistance Levels - 8/17/09
Resistance Levels: $17.93, $20
Support Levels: $17.35, $16.57, $16.36, $15
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Bank of America Corp. (NYSE:BAC) stock continues the powerful uptrend that started with the stock market bottom in March 2009. Pullbacks to the 10 day moving average have been a great area to buy with corrections to the 50 day moving average being an even stronger buy. BAC broke through the $17.35 resistance on Friday so I will be watching the next major resistance level next week which is located at $17.93. If B of A can close over $17.93, I think it could make a push into the $20's in the months ahead. For More Technical Analysis - Go Here
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