Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC)technical analysis for December 7, 2009
Bank of America Corp. Support & Resistance Levels - 12/7/09
Resistance Levels: $16.27, $16.74, $17, $19.09
Support Levels: $15.70, $15.19, $15
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Bank of America did not close at $16.28....it closed at $16.19. There must have been a glitch during the S&P rebalancing on Friday. Nevertheless, BAC had a monster reversal from the pre market lows to close near the highs. I plan to buy when the stock closes back over the 50 day moving average which will be around $16.24 on Monday. I would also be buying on a break above $16.74. BAC held $15.70 atleast three times on Friday, under $16 also seems like a great area to buy for a trade. Stop out under $15.70.
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