January 14, 2011 by staff
Bankofamerica, Bank of America Corporation (NYSE: BAC) was trading at 14.69 and close its 200 day moving average, currently set at $ 14.24. Stock price action of America is just above the key support level, and it will certainly attract the attention of traders as a trading opportunity possible.
Bank of America Corporation provides banking, investing, asset management and other financial and risk management services. The Company has a subsidiary mortgage and investment banking and brokerage subsidiary securities. Bank of America, the largest U.S. lender, has an extensive network of sites of retail banking at the Bank of the United States was founded in 1874 and headquartered in Charlotte, NC.
Latest range of prices, defined by an algorithm of peaks and troughs places calculated to support and 10.91 and calculated the resistance to the $ 14.69. Traders will certainly watch these levels because they can better understand the dynamics of recent price set by Bank of America.
Traders who want to establish a position in Bank of America will look at the price action for the evidence of buying near the 200 day moving average, and the opening of a position as close as possible to this important level. Also traders will look at the latest price action through the current range of stocks defined above for an overview of other key levels that could affect their head or down.
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