By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 12, 2010
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Bank of America Corp. Support & Resistance Levels - 8/12/10
Resistance Levels: $14.00, $14.65
Support Levels: $13, $12.20
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) hit a fresh 52 week low on Wednesday and now is testing $13 in pre market. Bank of America has support at $13 but then nothing until $12.20. If Bank of America falls into the $12's today, I think you have to continue to add to your position for the long term. In a few years, we will look at this stock and wish we would have bought more down here.
Bank of America Corp (BAC) hit a fresh 52 week low on Wednesday and now is testing $13 in pre market. Bank of America has support at $13 but then nothing until $12.20. If Bank of America falls into the $12's today, I think you have to continue to add to your position for the long term. In a few years, we will look at this stock and wish we would have bought more down here.
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