• user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 464379 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT COUNT(sid) AS count FROM sessions WHERE timestamp >= 1414136054 AND uid = 0 in /var/www/www.fnno.com/htdocs/includes/session.inc on line 111.
  • user warning: Table './fnndrupaldev/sessions' is marked as crashed and last (automatic?) repair failed query: SELECT DISTINCT u.uid, u.name, s.timestamp FROM users u INNER JOIN sessions s ON u.uid = s.uid WHERE s.timestamp >= 1414136054 AND s.uid > 0 ORDER BY s.timestamp DESC in /var/www/www.fnno.com/htdocs/modules/user/user.module on line 765.

Next Support Level for Bank of America (BAC) is $12.61

Published on Thu, 03/21/2013 - 12:40
By Adrienne Chilton

Bank of America (NYSE:BAC) has opened bearishly below the pivot of $12.79 today and has reached the first level of support at $12.70. Should the shares continue to fall, the support pivots of $12.61 and $12.43 will be of interest.

In the past 52 weeks, shares of Bank of America have traded between a low of $6.72 and a high of $12.94 and are now at $12.76, which is 90% above that low price. The 200-day and 50-day moving averages have moved 0.85% higher and 0.32% higher over the past week, respectively.

Based on a current price of $12.76, Bank of America is currently 0.6% above its average consensus analyst price target of $12.69. The stock should find initial support at its 50-day moving average (MA) of $11.75 and further support at its 200-day MA of $9.58.

Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Shares of Susquehanna Bancshares Fall Be...

Susquehanna Bancshares (NASDAQ:SUSQ) traded at a new 52-week low today of $9.37. So fa ...

Watch for Continued Losses in Shares of ...

Shares of Seachange International (NASDAQ:SEAC) traded today at $6.56, breaking its 52- ...

Select Comfort Looks to Continue to Trad...

Select Comfort (NASDAQ:SCSS) traded today at a new 52-week high of $25.70. This new hi ...

Shares of Paramount Gold and Silver Have...

Paramount Gold and Silver (NYSE:PZG) traded today at a new 52-week low of $0.66. Appro ...

Shares of Precision Castparts Have Falle...

Precision Castparts (NYSE:PCP) traded today at a new 52-week low of $215.09. So far to ...

Watch for Continued Losses in Shares of ...

New Gold (AMEX:NGD) traded today at a new 52-week low of $4.20. Approximately 2.3 mill ...

Shares of Micron Technology Have Risen A...

Micron Technology (NASDAQ:MU) traded at a new 52-week high today of $31.37. This new h ...

Watch for Continued Gains in Shares of M...

Monster Worldwide (NASDAQ:MNST) traded at a new 52-week high today of $99.53. Approxim ...