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Saturday, October 8, 2011

Bank of America BAC Technical Analysis - 10/8/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for October 10, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 10/10/2011

Resistance levels: $7.64, $6.98, $6.44

Pivot point: $5.78
 

Support levels: $5.24, $5.58, $4.04
   

Bank of America Corp (BAC) is closed  $5.90 and stock has support area is $5.50.BAC will now have resistance at $6.33 followed by $6.88. Bank of America is new support area is $5.50 but this is low risk bank stock.This is my one top pick for 2011.     
   
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