Bank of America Corp BAC Stock Analysis

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 15, 2009

Bank of America Corp. Support & Resistance Levels - 10/15/09

Resistance Levels: $20, $24

Support Levels: $18.24, $18, $17.31

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Bank of America finally closed over $18.24 yesterday which is bullish. The next major resistance level I am watching is $20 which was the area that was broken back in November 2008. Goldman just reported earnings and the stock is under pressure which is dragging down the whole financial sector. I'd buy more BAC if it pulled back into the low $17's.. For More Technical Analysis - Go Here

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