Tuesday, November 30, 2010

Bank of America Corporation BAC Technical Analysis

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for November 30, 2010

Bank of America Corporation BAC Resistance, pivot & Support Levels - 11/30/2010

Resistance levels: $11.64, $11.53, $11.42
 

Support levels:$11.14, $10.97, $10.86


 

Share of Bank of America Corp is closed at $11.31 on Monday which is very bearish in technical side. Bank of America will now have support down at the 52 week low of $11.03. Stock like find some kind of support near $11.Bank of America Corp will continue to have resistance level $12.50-$13. 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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