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Tuesday, May 29, 2012

Bank of America (BAC) Stock Analysis 5/29/12

By Tim - http://stockstobuy.org - Twitter - @stockstobuy

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - May 29, 2012

Bank of America (BAC) Support & Resistance Levels - 5/29/12

Resistance Levels: $7.33

Support Levels: $7.00, $6.72

Chart - http://www.stockcharts.com

Bank of America (BAC) stock closed at $7.15 on Friday which is right below the 200 day moving average. BAC should close above this level on Tuesday. Bank of America (BAC) will have support down around $6.72 and is a buy below $7.50. I think you will see a new uptrend start when shares of BAC close above $7.33.





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