By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 13, 2010
Bank of America Corp. Support & Resistance Levels - 10/13/10
Resistance Levels: $14.06, $14.64
Support Levels: $13.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) could be starting to break out today as the financials are rallying due to JP Morgan's earnings. Bank of America Corp now has support located at $13 on the downside. Bank of America will now face stiff resistance in the upper $13's to $14 on the upside. If Bank of America closes below $13, we could easily see $12.20-$12.50 tested.
Bank of America Corp (BAC) could be starting to break out today as the financials are rallying due to JP Morgan's earnings. Bank of America Corp now has support located at $13 on the downside. Bank of America will now face stiff resistance in the upper $13's to $14 on the upside. If Bank of America closes below $13, we could easily see $12.20-$12.50 tested.
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