Bank of America Corp BAC Stock Analysis October 2009

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 5, 2009

Bank of America Corp. Support & Resistance Levels - 10/5/09

Resistance Levels: $17.00, $18.24, $20, $24

Support Levels: $16.10, $15.00, $14

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Bank of America closed below the 50 day moving average two straight days. With the 200 day moving average all the way down at $11.28, I will not touch this stock until it gets back over the 10 day which is at $17. It also appears as though BAC has formed a double top in the $18's. I would be a buyer of BAC when the stock closes over the $18.24 high. I'm on the sidelines for now. For More Technical Analysis - Go Here

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