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Friday, December 10, 2010

Bank of America Corp (BAC) Stock Analysis - 12/10/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for December 10, 2010

Bank of America Corp. Support & Resistance Levels - 12/10/10

Resistance Levels: $12.73, $13
Support Levels: $12

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) is pulling back about 1% on Friday as the stock market is flat. Bank of America Corp has major resistance located at $12.73 which is the previous high from October. Bank of America will also have resistance around $13.65 but then nothing until $14.05. Bank of America continues to be a strong buy below $12. Bank of America stock will come back strong in 2011 in my opinion.

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