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Friday, October 15, 2010

Bank of America Corp BAC Tanking Hard

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 15, 2010

Bank of America Corp. Support & Resistance Levels - 10/15/10

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) broke down through $12 this morning but is now back above this level. 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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