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Thursday, August 18, 2011

Bank of America BAC Technical Analysis - 8/18/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 18, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/16/2011

Resistance levels: $7.75, $7.67, $7.56

Pivot point: $7.48
 

Support levels:$7.37, $7.29, $7.18
   

Bank of America Corp (BAC) is closed  $7.46 on  but stock has support area is $6.BAC will now have resistance at $7.81 which is the 9 day moving average. Bank of America is new support area is $6 but this is low risk bank stock.This is my one top pick for 2011. 

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