Bank of America Corp BAC Stock Analysis 12/12/09

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC)technical analysis for December 12, 2009

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

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

Support Levels: $15.70, $15.62, $15.19

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Bank of America is showing a nice pop Friday afternoon going into the weekend. A close over $15.68 could set up another retest of the 50 day moving average located at $16.14. I plan to buy BAC as soon as it closes back over the 50 day moving average. $15 appears to be solid support at the recent stock offering. I will have more analysis over the weekend for Monday...check back soon

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