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Wednesday, January 26, 2011

Bank of America Corp (BAC) Stock Analysis 1/26/11

By Tim -

The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 26, 2011

Bank of America Corp. Support & Resistance Levels - 1/26/11

Resistance Levels: $14.44, $15

Support Levels: $13.50, $12.95

Chart - Courtesy of

Bank of America Corp (BAC) is trying to stage a rebound off the $13.40 low from yesterday. Bank of America has support at $13.50 on the downside. Bank of America will now have resistance at the 10 day moving average ($14.44). BAC is a strong buy below $12.95 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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