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Monday, March 26, 2012

Bank of America BAC Technical Analysis - 3/26/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for March 26, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 3/26/2012

Resistance levels: $10.45, $10.15, $10.00

Pivot point: $9.70
 

Support levels: $9.55, $9.25, $9.10
   

Bank of America Corp (BAC) is trading over $9.80 last Friday which is very bullish right now.Stock has short term support $8.34 and long term support area is $7.Next resistance area is $10.50 which is next swing point.BAC is buy here for long term.Stock could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.     
   
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