By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 25, 2011
Bank of America Corp. Support & Resistance Levels - 1/25/11
Resistance Levels: $14.56, $15
Support Levels: $13.50, $12.92
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) hit a low of $13.69 on Tuesday but has since rebounded. Bank of America has support at $13.50 on the downside. Bank of America will now have resistance at the 10 day moving average ($14.56). BAC is a strong buy below $12.92 which is where the 50 day moving average is located. Bank of America Corp and the financials will be a hot in 2011.
Bank of America Corp. Support & Resistance Levels - 1/25/11
Resistance Levels: $14.56, $15
Support Levels: $13.50, $12.92
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) hit a low of $13.69 on Tuesday but has since rebounded. Bank of America has support at $13.50 on the downside. Bank of America will now have resistance at the 10 day moving average ($14.56). BAC is a strong buy below $12.92 which is where the 50 day moving average is located. Bank of America Corp and the financials will be a hot in 2011.
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