Bank of America Corporation BAC Resistance, pivot & Support Levels - 08/09/2011
Resistance levels: $8.76, $8.23, $7.37
Pivot point: $6.84
Support levels:$5.98, $5.45, $4.59
Bank of America Corp (BAC) is still trading $6.51 on Monday but stock has support area is $6.I posted weekly chart because weekly chart shows some more direction how the resistance and support level.BAC will now have resistance at $8.72 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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