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  • Time to Buy Apple Inc. (AAPL) , BP plc (BP), Bank of America Corp. (BAC) ?

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    Thursday August 26, 2010 at 10:04 am EST
    Stock Report - Bank of America Corp. (BAC) Apple Inc. (AAPL), BP plc (BP).
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    Bank of America Corp's (NYSE:BAC) legacy financial advisers are making the transition to Merrill Lynch's more expansive brokerage platform.As per report from Wall street Journal, Half of the advisers were converted over the weekend and the other half will make the move in mid-September. Bank of America shares ar at e trading at $12.72 on Thursday below the support level of $13.14. There is no strong support below this. Resistance above are at $13.65 and $14.24.

    Apple Inc. (NASDAQ:AAPL) is expected to show off a new attractive line of iPods on September 1 (Rumors). Apple Inc. may also unveil plans to restart its delayed TV project. Apple will hold the event at the Yerba Buena Center for the Arts, where it introduced the iPad in April. Apple Inc. (AAPL) stock is trading at $244.60. Support levels are situated at 227.2, 209.4 and 199.7. Resistance levels are at 246.6, 252.5 and 263.2.

    BP plc (NYSE:BP) said Thursday that it decided not to bid for a drilling license near Greenland, a move government officials there say may be due to its tarnished safety image after the disastrous blowout of a deepwater well in the Gulf of Mexico. We had reported yesterday about BP plc among the 12 bidders for drilling offshore in Greenland. BP plc (NYSE:BP) shares are up at $35.90 Thursday morning just below support level of 36.3. Support levels below are at $31.92 and $27.33. Resistance points are located at $38.32, $41.17, $42.29 and $48.45.


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