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Thursday, July 7, 2011

Bank of America BAC Technical Analysis 7/7/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for July 08, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 07/08/2011

Resistance levels: $11.08, $11.02, $10.97

Pivot point: $10.91
 

Support levels:$10.86, $10.80, $10.75
   

Bank of America Corp (BAC) is still  trading over $11 again but stock may be found some support in $10s.BAC will now have resistance at $11.57 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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