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Tuesday, June 28, 2011

Bank of America BAC Technical Analysis 6/28/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for June 28, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 06/28/2011

Resistance levels: $11.38, $11.20, $11.02

Pivot point: $10.77
 

Support levels:$10.59, $10.34, $10.16
   

Bank of America Corp (BAC) is closed near $11 on Monday but stock may be found some support in $10s.BAC will now have resistance at $11.57 which is the 50 day moving average. Bank of America is new support area is $10.20 but this is low risk bank stock.This is my one top pick for 2011. Bank of America is new support area is $10.20 but this is low risk bank stock.This is my one top pick for 2011.


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