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Sunday, November 14, 2010

Bank of America Corp (BAC) Stock Analysis

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 14, 2010

Bank of America Corp. Support & Resistance Levels - 11/14/10

Resistance Levels: $12.73, $13, $13.75

Support Levels: $12.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) bounced off the 10 day moving average on Friday. Bank of America will have support down $12 which needs to hold on a closing basis. Bank of America Corp will continue to have resistance located at the 50 day moving average ($12.73). If Bank of America can close above the 50 day moving average, I feel it can run back into the mid $13's.

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