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Saturday, October 22, 2011

Bank of America BAC Technical Analysis - 10/22/11

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

Bank of America Corporation BAC Resistance, pivot & Support Levels - 10/24/2011

Resistance levels: $6.88, $6.76, $6.61

Pivot point: $6.49
 

Support levels: $6.34, $6.22, $6.07
   

Bank of America Corp (BAC) is closed  $6.46 and stock has support area is $6.BAC will now have resistance at $6.88 followed by $7.53. 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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