By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 24, 2010
Bank of America Corp. Support & Resistance Levels - 10/24/10
Resistance Levels: $13, $14.06, $14.64
Support Levels: $11.17, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) made a higher low for the second straight trading session on Friday. Bank of America Corp has support on the downside located at $11.17 as well as $10.53. I expect Bank of America to gain some traction if it can close back above $13 again. Longer term, Bank of America is a solid buy below $12.50. When BAC closes back above $12, there is a chance the $11.17 will be a solid low that will hold.
Bank of America Corp (BAC) made a higher low for the second straight trading session on Friday. Bank of America Corp has support on the downside located at $11.17 as well as $10.53. I expect Bank of America to gain some traction if it can close back above $13 again. Longer term, Bank of America is a solid buy below $12.50. When BAC closes back above $12, there is a chance the $11.17 will be a solid low that will hold.
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