Friday, October 22, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for October 22, 2010

Bank of America Corporation BAC Resistance, pivot & Support Levels - 10/22/2010


Resistance levels: $12.44, $12.08, $11.72

Pivot point: $11.52
 
Support levels:$11.16, $10.96, $10.60


Bank of America will new resistance level  $12. Stock is trading $11.40 on pre morning trade on Friday.If Bank of America would break below $11, we could see $10 in coming days. This would probably cause the stock market to correction come near future.


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