The following is Bank of America Corp. (NYSE:BAC)technical analysis for March 8, 2010
Bank of America Corp. Support & Resistance Levels - 3/8/10
Resistance Levels: $16.85, $17.18, $19.07
Support Levels: $16
Chart - Courtesy of www.stockcharts.com
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Bank of America Corp. continues to hold the 10 day moving average on a closing basis. The next two resistance levels to watch are located at $16.85 & $17.18. If Bank of America can close above these two levels, I think it could break out and retest the 52 week high located at $19.08
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