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Thursday, August 25, 2011

Bank of America BAC Technical Analysis - 8/25/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 26, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/26/2011

Resistance levels: $10.02, $9.44, $8.44

Pivot point: $7.96
 

Support levels: $7.06, $6.48, $5.58
   

Bank of America Corp (BAC) is closed near $7.65 on Thursday because Buffett to invest $5bn in Bank of America and stock has support area is $6.BAC will now have resistance at $7.80 which Thursday's high. Bank of America is new support area  at $6 but this is low risk bank stock.This is my one top pick for 2011.   

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