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Saturday, May 5, 2012

Bank of America BAC Technical Analysis May 5, 2012

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for May 7, 2012 

Bank of America Corporation BAC Resistance, pivot & Support Levels - 5/7/2012

Resistance levels: $8.09, $8.00, $7.87

Pivot point: $7.78
 

Support levels: $7.65, $7.56, $7.43
   

Bank of America Corp (BAC) is closed $74 on Friday which is short term bearish now.BAC has short term support $7.50 and long term support area is $7.Next resistance area is $8.50 which is next area to look for uptrend. BAC  could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.     
   
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