Saturday, August 27, 2011

Bank of America BAC Technical Analysis - 8/27/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 29, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/29/2011

Resistance levels: $8.54, $8.26, $8.01

Pivot point: $7.73
 

Support levels: $7.48, $7.20, $6.95
   

Bank of America Corp (BAC) is closed near $7.76 on Friday and stock has support area is $6.BAC will now have resistance at $8.86. Bank of America is new support area is $6 but this is low risk bank stock.This is my one top pick for 2011.   

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