Bank of America Corp BAC Stock Analysis 12/19/09

Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC)technical analysis for December 19, 2009

Bank of America Corp. Support & Resistance Levels - 12/19/09

Resistance Levels: $15.35, $15.96, $16.74

Support Levels: $15, $14.88, $14.11

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Bank of America is back above $15 on Friday going into the close probably due to the strength in Citi which is due to some forced buying. Keep an eye on the 10 & 50 day moving averages next week. If BAC closes back over the 10 day located at $15.35, it could make a run at the 50 day located at $15.96. A close above the 50 day moving average would cause me to buy as well as many other traders who have been waiting patiently on the sidelines.

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