By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for April 23, 2010
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Bank of America Corp. Support & Resistance Levels - 4/23/10
Resistance Levels: $18.70, $19, $20
Support Levels: $18, $17
Chart - Courtesy of www.stockcharts.com
Bank of America Corp dipped under $18 briefly on Thursday but the stock was bought heavily. All pullbacks below $18 are a strong buy. Resistance continues to be located at the 10 day moving average ( 18.70 ). If Bank of America would close back above the 10 day moving average, I think it tests $19.50-$20 once again.
Bank of America Corp dipped under $18 briefly on Thursday but the stock was bought heavily. All pullbacks below $18 are a strong buy. Resistance continues to be located at the 10 day moving average ( 18.70 ). If Bank of America would close back above the 10 day moving average, I think it tests $19.50-$20 once again.
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