Tuesday, October 19, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for October 19, 2010

Bank of America Corporation  BAC stock technical analysis for October 19, 2010

Resistance levels: $12.91, $12.38, $11.86

Support levels:$11.32, $11.30, $10.78




Bank of America Corp (BAC) is trading $12 in pre morning trade on Tuesday because of earning news..Stock rebound  yesterday from low $11.80. Bank of America Corp will find support located between $11.50-$11.75. I think Bank of America is good buying opportunity. Bank of America will buy if stock closes above yesterday's high.Long term resistance level is $14.50-$15.


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