Bank of America (BAC) – Where is Support?

BAC 18Apr2013

Bank of America (BAC) is still reeling from its earnings report fallout down 1.5% just after the open on Thursday 18April2013.

Sean from Austin, Texas just asked where we see support.  As indicated on the chart, Daily Support is right at the $11.00 level.  A break below that could lead to pretty significant fallout for the stock with the next stop at the 200 Day EMA (currently $10.52).