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Saturday, December 10, 2011

Bank of America BAC Technical Analysis - 12/10/11

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for December 12, 2011

Bank of America Corporation BAC Resistance, pivot & Support Levels - 12/12/2011

Resistance levels: $6.05, $5.95, $5.83

Pivot point: $5.73
 

Support levels: $5.61, $5.51, $5.39
   

Bank of America Corp (BAC) is closed $5.72 on Friday which is short term bullish  and stock has short term support $5.12 and long term support area is $5.Next resistance area is $6.59 which weekly resistance area now.BAC will now have resistance at $8.88.This is my one of the Top Pick for 2012.     
   
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