By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 14, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 3/14/11
Resistance Levels: $14.70, $15
Bank of America Corp. (BAC) Support & Resistance Levels - 3/14/11
Resistance Levels: $14.70, $15
Support Levels: $14, $13.56
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) stock failed at the 50 day moving average today which is bearish for the short term. Bank of America Corp (BAC) will have support at $14 followed by $13.56 which is the 200 day moving average. If Bank of America would close below $13.56, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.7-. 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) stock failed at the 50 day moving average today which is bearish for the short term. Bank of America Corp (BAC) will have support at $14 followed by $13.56 which is the 200 day moving average. If Bank of America would close below $13.56, BAC stock could end up testing $13. Bank of America will now have resistance located at $14.7-. 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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