Bank of America Corporation BAC stock technical analysis for May 25, 2010
Support & Resistance Levels - 5/25/10
Resistance levels: $16.77, $16.31, $15.85
Support levels:$15.16, $14.93, $14.47
Share of Bank of America Corporation trading under all moving average which is bearish.Stock is trading pre-market under $15 I think which good buying opportunity.But stock rebound from under $15 and stock closed over high of the day which is good sign.In this level is good buy for long term investment.Also depend of how the market do next few weeks.Next resistance level is $17. Support level is $15.I think longer run stock can go $23-$25 year end target.
Good Luck .. Trade Smart!
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