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 December 8, 2009

Bank of America Corp. Support & Resistance Levels - 12/8/09

Resistance Levels: $16.26, $16.74, $17, $19.09

Support Levels: $15.70, $15.62, $15.19

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Bank of America continues to close below the 50 day moving average and until this changes, the stock is vulnerable to the downside. I am watching for a close above $16.26 and then I will be buying BAC stock. Support is located at $15.70, $15.62, & $15.19.

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