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Thursday, October 7, 2010

Bank of America Corp BAC Stock Alert - 10 & 50 Day MA

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 7, 2010

Bank of America Corp. Support & Resistance Levels - 10/7/10

Resistance Levels: $14.06, $14.64

Support Levels: $13.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) stock is trading at $13.41 and is trading above the 10 & 50 day moving averages. Bank of America Corp now has support located at $13 on the downside. Bank of America will now face stiff resistance in the upper $13's to $14 on the upside. If Bank of America can close back above $14, I think we will see a rally back to $15-$16 quickly.

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