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Saturday, July 9, 2011

Bank of America BAC Technical Analysis 7/9/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for July 11, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 07/11/2011

Resistance levels: $10.98, $10.89, $10.79

Pivot point: $10.70
 

Support levels:$10.60, $10.51, $10.41
   

Bank of America Corp (BAC) is still  trading over $11 again but stock may be found some support in $10s.BAC will now have resistance at $11.39 which is the 50 day moving average. Bank of America is new support area is $10.20 but this is low risk bank stock.This is my one top pick for 2011.


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