Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/15/2011
Resistance levels: $8.13, $7.92, $7.55
Pivot point: $7.34
Support levels:$6.97, $6.76, $6.34
Bank of America Corp (BAC) closed $7.19 on Friday and stock has support area is $6.31.BAC will now have resistance at $7.92 which is the 9 day moving average. but stock need to closed over $7.71 for going forward. Bank of America is new support area is $6.31 but this is low risk bank stock. Bank stock only buy for long term not short term.This is my one top pick for 2011.
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