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Sunday, March 27, 2011

Bank of America Corp (BAC) Stock Analysis 3/27/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 27, 2011

Bank of America Corp. (BAC) Support & Resistance Levels - 3/27/11

Resistance Levels: $14.29

Support Levels: $13.00, $12.25

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (NYSE:BAC) closed below the 200 day moving average on Friday. Bank of America Corp (BAC) will have support at $13.00 followed by $12.87. If Bank of America would close below $13.00, BAC stock could end up testing $12.25. Bank of America will now have resistance located at $14.29. BAC continues to be a strong buy below $14. Bank of America Corp (BAC) will become hot again in 2011 after this correction.

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