By Tim - http://stockstobuy.orgThe following is technical analysis on Bank of America (BAC) - November 10, 2011
Bank of America (BAC) Support & Resistance Levels - 11/10/11
Resistance Levels: $7.00, $7.43
Support Levels: $5.50, $5.13
Chart - http://www.stockcharts.com
Bank of America (BAC) has been one of the worst performing large cap bank stocks in 2011. Do we buy, sell, or hold BAC stock into 2012? Bank of America (BAC) is now back testing levels we haven't seen since earnings day. I feel BAC stock is a buy below $6 for the long term but also think you should sell your BAC stock in the $7's. Bank of America (BAC) will have support around $5.50 on the downside over the next two weeks.
Bank of America (BAC) Support & Resistance Levels - 11/10/11
Resistance Levels: $7.00, $7.43
Support Levels: $5.50, $5.13
Chart - http://www.stockcharts.com
Bank of America (BAC) has been one of the worst performing large cap bank stocks in 2011. Do we buy, sell, or hold BAC stock into 2012? Bank of America (BAC) is now back testing levels we haven't seen since earnings day. I feel BAC stock is a buy below $6 for the long term but also think you should sell your BAC stock in the $7's. Bank of America (BAC) will have support around $5.50 on the downside over the next two weeks.
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