Bank of America Corporation BAC Resistance, pivot & Support Levels - 05/25/2011
Resistance levels: $11.93, $11.64, $11.55
Pivot point: $11.42
Support levels:$11.33, $11.20, $11.11
Share of Bank of America Corp (BAC) is rebound on Tuesday but weak and stock is trading under $12 which is very bearish in technical side.Stock maybe next support in $11s area.Stock will now have resistance at $11.73 which is the 9 day moving average. Bank of America would close below $12 and BAC stock could test $11 area level.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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