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Tuesday, April 27, 2010

Bank of America Corp BAC Stock - 4/27/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for April 27, 2010

Bank of America Corp. Support & Resistance Levels - 4/27/10

Resistance Levels: $18.63, $19, $20

Support Levels: $18, $17


Chart - Courtesy of www.stockcharts.com

Bank of America Corp is trading at $18.00 this morning as the stock is still below the 10 day moving average located at $18.63. Bank of America has support around the $18 area and I view all pullbacks below $18 as a strong buy. As soon as Bank of America closes back above the 10 day moving average, I think it will rally back to retest the $19.86 level.

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