Sunday, February 6, 2011

Bank of America Corporation BAC Technical Analysis for February 07, 2011

Bank of America Corporation BAC Technical Analysis for February 07, 2011 : Resistance levels: $14.53, $14.45, $14.32

Pivot point: $14.39

Support levels:$14.31, $14.33, $14.25


Share of Bank of America Corp (BAC) is trading over moving averages which is bullish. Bank of America has support under $14 and resistance at $15. BAC is a strong buy below $13.11 which is where the 50 day moving average. Bank of America can close and hold above $15, the stock could easily $16-$17.On the downside, BAC is a strong buy under $13 if we see a pullback.But this low risk banks stock.This is my one top pick for 2011.
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