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Monday, April 2, 2012

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

The following is Bank of America Corp. (NYSE:BAC) Technical analysis for April 2, 2012

Bank of America Corporation BAC Resistance, pivot & Support Levels - 4/2/2012

Resistance levels: $9.98, $9.81, $9.69

Pivot point: $9.52
 

Support levels: $9.40, $9.23, $9.11
   

Bank of America Corp (BAC) is trading over $9.50 on Friday 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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