Bank of America Corporation BAC Resistance, pivot & Support Levels - 05/31/2011
Resistance levels: $12.02, $11.91, $11.80
Pivot point: $11.67
Support levels:$11.56, $11.43, $11.32
Bank of America Corp (BAC) is trading over 9 day moving average and will now have resistance at $12.50 which is the 50 day moving average. Bank of America new support area is $11.29 which is recent low.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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