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Thursday, January 20, 2011

Bank of America Corp (BAC) Stock Analysis 1/20/11

By Tim -

The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 20, 2011

Bank of America Corp. Support & Resistance Levels - 1/20/11

Resistance Levels: $14.95, $15.69

Support Levels: $14, $13, $12.72

Chart - Courtesy of

Bank of America Corp (BAC) closed at $14.54 on Thursday. Bank of America will now have resistance located up at $15. 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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