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Sunday, July 29, 2012

Bank of America BAC Technical Analysis July 29, 2012

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

Bank of America Corporation BAC Resistance, pivot & Support Levels - 7/30/2012

Resistance levels: $7.68, $7.54, $7.42

Pivot point: $7.28
 

Support levels: $7.16, $7.02, $6.90
   

Bank of America Corp (BAC) is closed at $7.31 on Friday which is short term bearish now.BAC has short term support $6.85 and long term support area is $6.Next resistance area is $8.60 which is next area to look for uptrend. BAC  could see $12-$15 form here next 12 months.This is my one of the Top Pick for 2012.     
   
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