Bank of America Corporation (BAC) “On a long-term technical basis, the stock (BAC) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 34.37 and 32.55. If the stock breaks down through support at 34.37 then it will probably continue lower to 32.55. The stock will meet resistance at 35.72 and 40.19. If the stock breaks up through resistance at 35.72 then it will probably continue higher to 40.19. The 200-day moving average is at 30.20. This will also act as support. The stock is neutral according to the Stochastic Indicator (55.34).”

Bank of America Corporation (BAC) “On a long-term technical basis, the stock (BAC) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 33.85 and 32.06. If the stock breaks down through support at 33.85 then it will probably continue lower to 32.06. The stock will meet resistance at 35.72 and 40.19. If the stock breaks up through resistance at 35.72 then it will probably continue higher to 40.19. The 200-day moving average is at 30.16. This will also act as support. The stock is neutral according to the Stochastic Indicator (53.82).”