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Saturday, February 4, 2012

Bank of America BAC Technical Analysis - 2/4/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for February 6, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 2/6/2012

Resistance levels: $8.20, $8.04, $7.94

Pivot point: $7.78
 

Support levels: $7.68, $7.52, $7.42
   

Bank of America Corp (BAC) is trading over $7.84  which is very bullish right now.Stock has short term support $7 and long term support area is $5.Next resistance area is $8.02 which weekly resistance area now.BAC is buy here for long term.Stock could see see double form here next 12 months.This is my one of the Top Pick for 2012.     
   
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