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Thursday, November 11, 2010

Bank of America Corp (BAC) Closes at $12.37

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 11, 2010

Bank of America Corp. Support & Resistance Levels - 11/11/10

Resistance Levels: $12.76, $13, $13.75

Support Levels: $12.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) closed at $12.37 today. Bank of America Corp failed at the 50 day moving average on Tuesday which is common when a stock has made a large move higher. Keep an eye on $12.76, Bank of America needs to close above this level to further advance this move. If Bank of America does close above It's 50 day, the next major resistance level to watch out for is $13.75. Bank of America will now have support located at $12.00.

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