Bank of America Corporation BAC Resistance, pivot & Support Levels - 06/09/2011
Resistance levels: $11.09, $10.90, $10.72
Pivot point: $10.60
Support levels:$10.42, $10.30, $10.12
Bank of America Corp (BAC) is still trading under $11 on Wednesday which is very bearish in stock now.BAC 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 $10.75 which is last Dec low but this is low risk bank 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/