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Monday, August 1, 2011

Bank of America BAC Technical Analysis 8/1/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 01, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/01/2011

Resistance levels: $10.25, $10.10, $9.90

Pivot point: $9.75
 

Support levels:$9.55, $9.40, $9.20
   

Bank of America Corp (BAC) is still trading over $10 but stock has support area is $8-$9.BAC will now have resistance at $10.06 which is the 9 day moving average. Bank of America is new support area is $9.50 but this is low risk bank stock.This is my one top pick for 2011. 


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