Bank of America BAC Stock Analysis 8/31/09

Bank of America Corporation Stock Chart - The following is Bank of America Corp.(NYSE:BAC) technical analysis for August 31, 2009

Bank of America Corp. Support & Resistance Levels - 8/31/09

Resistance Levels: $20, $24

Support Levels: $17.36, $15.25

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BAC stock finally closed over the $17.93 high back in December 2009. The next major resistance to look out for is $20. I would be placing my stop order on a close below the 10 day moving average ( currently $17.36 ). We still have not seen a close below the 10 day moving average since BAC broke back above $13 in July. Pullbacks to the 50 day moving average are a strong buy! For More Technical Analysis - Go Here

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