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Thursday, March 15, 2012

Bank of America BAC Technical Analysis - 3/15/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for March 15, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 3/15/2012

Resistance levels: $9.39, $9.14, $8.99

Pivot point: $8.74
 

Support levels: $8.59, $8.34, $8.19
   

Bank of America Corp (BAC) is trading over $8.50 which is very bullish right now.Stock has short term support $7 and long term support area is $5.Next resistance area is $9.35 which is next swing point.BAC is buy here for long term.Stock could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.     
   
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