Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/08/2011
Resistance levels: $9.82, $9.43, $8.80
Pivot point: $8.41
Support levels:$7.76, $7.39, $6.76
Bank of America Corp (BAC) is still tanking again with market on Friday and premarket Monday.Stock is traing $7.82 in premarket.Stock has support area is $8.BAC will now have resistance at $9.77 which is the 9 day moving average. Bank of America is new support area is $8 but this is low risk bank stock.This is my one top pick for 2011.
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