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Monday, July 9, 2012

Bank of America BAC Technical Analysis July 9, 2012

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

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

Resistance levels: $7.90, $7.85, $7.75

Pivot point: $7.70
 

Support levels: $7.60, $7.55, $7.45
   

Bank of America Corp (BAC) is closed at $7.66 on Friday which is short term bearish now.BAC has short term support $6.85 and long term support area is $6.Next resistance area is $8.60 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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