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Saturday, June 25, 2011

Bank of America BAC Technical Analysis 6/25/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for June 27, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 06/27/2011

Resistance levels: $11.06, $10.88, $10.70

Pivot point: $10.59
 

Support levels:$10.41, $10.30, $10.12
   

Bank of America Corp (BAC) is closed in mid 10s on Friday but stock may be found some support in $10s.BAC will now have resistance at $11.59 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. 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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