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Sunday, June 12, 2011

Bank of America BAC Technical Analysis 6/12/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for June 13, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 06/13/2011

Resistance levels: $11.65, $11.36, $11.08

Pivot point: $10.24
 

Support levels:$10.46, $10.12, $9.84
   

Bank of America Corp (BAC) is still  trading under $11 on Friday but stock may be found some support in $10s.BAC will now have resistance at $12.04 which is the 50 day moving average. Bank of America is new support area is $10.20 but this is low risk bank stock.This is my one top pick for 2011.


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