By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 12, 2010
Bank of America Corp. Support & Resistance Levels - 11/12/10
Resistance Levels: $12.73, $13, $13.75
Bank of America Corp. Support & Resistance Levels - 11/12/10
Resistance Levels: $12.73, $13, $13.75
Support Levels: $12.00
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) just fell below $12.20 as the stock market is getting wacked. 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.
Bank of America Corp (BAC) just fell below $12.20 as the stock market is getting wacked. 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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