By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 8, 2011
Bank of America Corp. Support & Resistance Levels - 1/8/11
Resistance Levels: $14.62, $15
Support Levels: $14, $13, $12.72
Bank of America Corp. Support & Resistance Levels - 1/8/11
Resistance Levels: $14.62, $15
Support Levels: $14, $13, $12.72
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed just below the 200 day moving average on Friday. Bank of America will now face resistance up at $15 per share. If Bank of America can close above $15, the stock could easily rip into the $16-$17 range with no problem. On the downside, BAC is a strong buy below $13 if we see a pullback. Bank of America Corp and the financials will be a hot in 2011.
Bank of America Corp (BAC) closed just below the 200 day moving average on Friday. Bank of America will now face resistance up at $15 per share. If Bank of America can close above $15, the stock could easily rip into the $16-$17 range with no problem. On the downside, BAC is a strong buy below $13 if we see a pullback. Bank of America Corp and the financials will be a hot in 2011.
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