Bank of America Corp stock prices review august 12 2011

Bank of America Corp stock prices review august 12 2011 : Stock markets bounced back Thursday after plunging this week amid news of the U.S. credit downgrade, concerns about European debt and overall economic worries. Financial stocks took a particularly big hit.



Bank of America shares ended the day at $7.25, up 7 percent from the previous day's close - one of the biggest gains among blue-chip stocks - but shares are still down nearly 50 percent so far this year.



As Bank of America Corp.'s stock has tumbled and clawed back in recent days, city leaders, business owners and others with a stake in the company are waiting to see what happens next.



Bank of America Corp. (NYSE:BAC) Technical analysis for August 12, 2011



Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/12/2011



Resistance levels: $7.92, $7.67, $7.46



Pivot point: $7.21



Support levels: $7.00, $6.75, $6.54



Bank of America Corp (BAC) is still trading $7.50 on but stock has support area is $6.BAC will now have resistance at $7.92 which is the 9 day moving average. Bank of America is new support area is $6 but this is low risk bank stock



Bank of America Corp stock prices august 12 2011



BAC $7.36 0.11 (1.45%)