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Saturday, March 17, 2012

Bank of America BAC Technical Analysis - 3/17/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for March 19, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 3/19/2012

Resistance levels: $10.42, $10.11, $9.95

Pivot point: $9.64
 

Support levels: $9.48, $9.17, $9.01
   

Bank of America Corp (BAC) is trading over $9.80 which is very bullish right now.Stock has short term support $8.34 and long term support area is $7.Next resistance area is $10.50 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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