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Wednesday, August 24, 2011

Bank of America BAC Technical Analysis - 8/24/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for August 24, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/24/2011

Resistance levels: $6.92, $6.88, $6.49

Pivot point: $6.25
 

Support levels: $6.06, $5.82, $5.63
   

Bank of America Corp (BAC) is closed  $6.30 on  Tuesday but stock has support area is $6.BAC will now have resistance at $7.04 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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