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Monday, August 22, 2011

Bank of America BAC Technical Analysis - 8/22/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 20, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/20/2011

Resistance levels: $7.51, $7.31, $7.14

Pivot point: $6.94
 

Support levels: $6.77, $6.57, $6.40
   

Bank of America Corp (BAC) is closed  $7 on  but stock has support area is $6.BAC will now have resistance at $7.43 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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