By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for April 13, 2011
Bank of America Corp. (BAC) Support & Resistance Levels - 4/13/11
Resistance Levels: $14.00
Bank of America Corp. (BAC) Support & Resistance Levels - 4/13/11
Resistance Levels: $14.00
Support Levels: $13.00, $12.87
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (NYSE:BAC) ended up closing at $13.27 on Wednesday. Bank of America Corp (BAC) continues to 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 (BAC) will now have resistance located around $14.00 on the upside. Bank of America Corp (BAC) is starting to show signs of a bottom in the $13's but needs to hold this level. I currently have a hold rating on the stock.
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (NYSE:BAC) ended up closing at $13.27 on Wednesday. Bank of America Corp (BAC) continues to 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 (BAC) will now have resistance located around $14.00 on the upside. Bank of America Corp (BAC) is starting to show signs of a bottom in the $13's but needs to hold this level. I currently have a hold rating on the stock.
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