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Monday, April 26, 2010

Bank of America Corp BAC Stock Analysis - 4/26/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for April 26, 2010

Bank of America Corp. Support & Resistance Levels - 4/26/10

Resistance Levels: $18.70, $19, $20

Support Levels: $18, $17


Chart - Courtesy of www.stockcharts.com

Bank of America Corp is trading at $18.45 this morning as the stock is still below the 10 day moving average located at $18.69. 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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