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Sunday, October 16, 2011

Bank of America BAC Technical Analysis - 10/16/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for October 17, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 10/17/2011

Resistance levels: $7.10, $6.92, $6.55

Pivot point: $6.37
 

Support levels: $6.00, $5.82, $5.45
   

Bank of America Corp (BAC) is closed  $6.19 and stock has support area is $6.BAC will now have resistance at $6.74 followed by $6.88. Bank of America is new support area is $5.50 but this is low risk bank stock.This is my one top pick for 2011.     
   
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