By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 17, 2010
Bank of America Corp. Support & Resistance Levels - 10/17/10
Resistance Levels: $14.06, $14.64
Support Levels: $11.23, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) ended up closing below $12 on Friday. Bank of America Corp has support on the downside located at $11.23 as well as $10.53. Will Bank of America break down even more and retest $10? Something drastic would have to happen effecting Bank of America for the stock to see $10 but I still feel that anything below $12 is a solid long term buying opportunity.
Bank of America Corp (BAC) ended up closing below $12 on Friday. Bank of America Corp has support on the downside located at $11.23 as well as $10.53. Will Bank of America break down even more and retest $10? Something drastic would have to happen effecting Bank of America for the stock to see $10 but I still feel that anything below $12 is a solid long term buying opportunity.
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