By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 28, 2010
Bank of America Corp. Support & Resistance Levels - 10/28/10
Resistance Levels: $12
Bank of America Corp. Support & Resistance Levels - 10/28/10
Resistance Levels: $12
Support Levels: $11.03, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) stock is very intersting right now. Bank of America Corp held $11 recently and was up in a horrible tape on Wednesday. So, has Bank of America finally bottomed? For long term investors, I think it is safe to buy Bank of America on 1/3 or 1/2 half position. This way you have dry powder ready for lower prices and can also participate on the upside potential. Bank of America has resistance located at $12. If the stock closes above that level, I think more buyers will come back.
Bank of America Corp (BAC) stock is very intersting right now. Bank of America Corp held $11 recently and was up in a horrible tape on Wednesday. So, has Bank of America finally bottomed? For long term investors, I think it is safe to buy Bank of America on 1/3 or 1/2 half position. This way you have dry powder ready for lower prices and can also participate on the upside potential. Bank of America has resistance located at $12. If the stock closes above that level, I think more buyers will come back.
Today's Biggest Stock Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
