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Monday, October 25, 2010

Bank of America Corp BAC Technicals 10/25/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 25, 2010

Bank of America Corp. Support & Resistance Levels - 10/25/10

Resistance Levels: $13, $14.06, $14.64


Support Levels: $11.17, $10.53, $10.00
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) are trading around $11.50 this morning. Bank of America Corp has support on the downside located at $11.17 as well as $10.53. I expect Bank of America to gain some traction if it can close back above $13 again. Longer term, Bank of America is a solid buy below $12.50. When BAC closes back above $12, there is a chance the $11.17 will be a solid low that will hold.


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