Bank of America Corporation BAC Resistance, pivot & Support Levels - 05/02/2011
Resistance levels: $12.56, $12.46, $12.37
Pivot point: $12.32
Support levels:$12.23, $12.18, $12.09
Bank of America Corp (BAC) is closed $12.28 on Friday.Stock will now have resistance at $12.82 which is the 9 day moving average. Bank of America would close below $12 and BAC stock could test $12 area level.Next support area is $12.20 and follows by $11.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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