New York, NY -- (ReleaseWire) -- 11/19/2012 --Bank of America Corporation (NYSE: BAC) stock closed its latest trading session at $9.12, up 0.33 percent from its previous close of $9.09. The stock opened the session at $9.12 and traded between $8.92 and $9.21.

Bank of America reported that it trimmed its Washington state mortgage business by $88.8 million as a part of its national settlement. Its stock’s MACD chart shows bearish trend in the short term. Its first support level is at $8.81. Upon breaching this level, the stock may fall to $8.45 level. On the upside, the stock’s resistance level is at $9.18.

Find out more about where BAC could be headed by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=BAC

General Electric Company (NYSE: GE) closed its latest trading session at $20.15, up 0.45 percent. However, despite the up movement, the stock is currently in the bearish phase. General Electric is currently contemplating acquiring Avio, an airplane parts supplier. Avio is currently privately held. According to the rumors, GE is the top bidder for the company.

General Electric is a diversified conglomerate and is involved in various industries. General Electric stock has its first support level at $20. Upon breaking this level, the stock may fall down to $19.42. On the upside, General Electric stock may face its first resistance at $20.56 level.

Find out more about GE by reading the free trend analysis report here: http://www.wallstreetreport.net/market-scan/?symbol=GE

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