By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 12, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/12/11
Resistance Levels: $14.47, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 3/12/11
Resistance Levels: $14.47, $15
Support Levels: $14, $13.57
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed at $14.38 on Friday. Bank of America Corp (BAC) will have support at $14 followed by $13.57 which is the 200 day moving average. If Bank of America would close below $13.57, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.47. BAC continues to be a strong buy below $14. Bank of America Corp will become hot again in 2011 after this correction.
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed at $14.38 on Friday. Bank of America Corp (BAC) will have support at $14 followed by $13.57 which is the 200 day moving average. If Bank of America would close below $13.57, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.47. BAC continues to be a strong buy below $14. Bank of America Corp will become hot again in 2011 after this correction.
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