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Monday, February 13, 2012

Bank of America BAC Technical Analysis - 2/13/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for February 13, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 2/13/2012

Resistance levels: $8.27, $8.19, $8.13

Pivot point: $8.05
 

Support levels: $7.99, $7.91, $7.85
   

Bank of America Corp (BAC) is trading over $8  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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