Bank of America Corporation BAC Resistance, pivot & Support Levels - 04/18/2011
Resistance levels: $13.84, $13.50, $13.16
Pivot point: $12.99
Support levels:$12.65, $12.48, $12.14
Bank of America Corp (BAC) will now have resistance at $13.96 which is the 200 day moving average. Bank of America would close below $13 on Friday and BAC stock could test $12 area level.Next support area is $12.50 and follows by $12.15.Bank of America can close and hold above $15, the stock could easily $16-$17.On the downside, BAC is a strong buy under $13 if we see a pullback.But this low risk banks stock.This is my one top pick for 2011.
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