Bank of America Stock Breaches a Key Technical Level

Shares of Bank of America (BAC) - Get Report  require some cautious trading. TheStreet took a technical look at Bank of America's stock and found that $22.20 is an important level to watch. At midday Thursday, the stock was trading below that level, and breaching it could now open the stock up for a deep pullback. The next area to watch for support is $21.20. If the shares can regain footing at that level, a fresh rally leg could develop. Since the presidential election, Bank of America's stock has gained over 40%.