By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 11, 2010
Bank of America Corp. Support & Resistance Levels - 11/11/10
Resistance Levels: $12.76, $13, $13.75
Bank of America Corp. Support & Resistance Levels - 11/11/10
Resistance Levels: $12.76, $13, $13.75
Support Levels: $12.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is trading around $12.39 on low volume but this is bullish. You want high volume on break out days and low volume on the dull down days. Bank of America Corp failed at the 50 day moving average on Tuesday which is common when a stock has made a large move higher. Keep an eye on $12.76, Bank of America needs to close above this level to further advance this move. If Bank of America does close above It's 50 day, the next major resistance level to watch out for is $13.75. Bank of America will now have support located at $12.00.
Bank of America Corp (BAC) is trading around $12.39 on low volume but this is bullish. You want high volume on break out days and low volume on the dull down days. Bank of America Corp failed at the 50 day moving average on Tuesday which is common when a stock has made a large move higher. Keep an eye on $12.76, Bank of America needs to close above this level to further advance this move. If Bank of America does close above It's 50 day, the next major resistance level to watch out for is $13.75. Bank of America will now have support located at $12.00.
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