Bank of America Corporation BAC Resistance, pivot & Support Levels - 06/02/2011
Resistance levels: $12.25, $11.91, $11.57
Pivot point: $11.40
Support levels:$11.06, $10.89, $10.55
Bank of America Corp (BAC) is trading under 9 day moving average again on Wednesday and will now have resistance at $12.39 which is the 50 day moving average. Bank of America old support area broke today now new support area is $10.89 which is last Dec 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.
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
