Tuesday, August 31, 2010

Bank of America Corporation BAC - New 52 weeks low on Monday

Bank of America Corporation  BAC stock technical analysis for August 31, 2010
 

Support & Resistance Levels - 8/31/10

Resistance levels: $12.93, $12.72, $12.52

Support levels:$12.19, $12.06, $11.86







Bank of America Corp. (BAC) hit another new 52 week low on Monday.Share of Bank of America Corporation  is broke key support level is $13.30 again which is bearish now and closed under $13 area.Stock could go $11.50-$12.I will buy  near $12 long term buy that is my long term investment.Stock should bounce here this level. I will be bullish if stock closed over $13.30 area.Resistance level is $14.50-$15.

You want to find out more Technical Analysis -Go Here

Good Luck .. Trade Smart!

For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com/ or Subscribe for free.