By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 18, 2011
Bank of America Corp. Support & Resistance Levels - 1/18/11
Resistance Levels: $15.69
Support Levels: $14, $13, $12.72
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is back below $15 due to Citigroup Inc earnings today. Bank of America will need to close above $15 for a few days in order to continue the rally. If Bank of America can close and hold 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 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 - 1/18/11
Resistance Levels: $15.69
Support Levels: $14, $13, $12.72
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) is back below $15 due to Citigroup Inc earnings today. Bank of America will need to close above $15 for a few days in order to continue the rally. If Bank of America can close and hold 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 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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