By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 25, 2010
Bank of America Corp. Support & Resistance Levels - 10/25/10
Resistance Levels: $13, $14.06, $14.64
Bank of America Corp. Support & Resistance Levels - 10/25/10
Resistance Levels: $13, $14.06, $14.64
Support Levels: $11.07, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) hit a new 52 week low on Monday which is bearish for the financials. Bank of America Corp fell 2.5% to close at $11.17 but set a new 52 week low at $11.07 in early trading. What's next for Bank of America stock? Bank of America must continue to hold $11 or we could go down to the next major support level at $10.53. Bank of America has resistance located at $12.
Bank of America Corp (BAC) hit a new 52 week low on Monday which is bearish for the financials. Bank of America Corp fell 2.5% to close at $11.17 but set a new 52 week low at $11.07 in early trading. What's next for Bank of America stock? Bank of America must continue to hold $11 or we could go down to the next major support level at $10.53. Bank of America has resistance located at $12.
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