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Tuesday, May 4, 2010

Bank of America Corp BAC Stock - 5/4/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for May 4, 2010

Bank of America Corp. Support & Resistance Levels - 5/4/10

Resistance Levels: $18.50, $18.91

Support Levels: $17.41, $17, $16.45


Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) continues to be trapped between both the 10 & 50 day moving average right now. Bank of America has resistance at $18.50, a close above this level would be very bullish. Meanwhile, a close below the $17.41 would be bearish and we'd probably see more pressure to the downside. However, this would create another excellent buying opportunity.

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