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Friday, March 30, 2012

Bank of America BAC Technical Analysis - 3/30/12

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for March 30, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 3/30/2012

Resistance levels: $9.91, $9.79, $9.66

Pivot point: $9.54
 

Support levels: $9.41, $9.29, $9.16
   

Bank of America Corp (BAC) is trading over $9.50 on Thursday which is short term bearish 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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