Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/26/2011
Resistance levels: $10.02, $9.44, $8.44
Pivot point: $7.96
Support levels: $7.06, $6.48, $5.58
Bank of America Corp (BAC) is closed near $7.65 on Thursday because Buffett to invest $5bn in Bank of America and stock has support area is $6.BAC will now have resistance at $7.80 which Thursday's high. Bank of America is new support area at $6 but this is low risk bank stock.This is my one top pick for 2011.
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