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Friday, November 26, 2010

Bank of America Corp (BAC) Stock Analysis - 11/26/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for November 26, 2010

Bank of America Corp. Support & Resistance Levels - 11/26/10

Resistance Levels: $12, $12.57, $13
Support Levels: $11.03, $10
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) continues to trade weak and in a downtrend. Bank of America Corp has resistance located at $12.74 followed by $14.06. We won't really know when Bank of America is out of the downtrend until the stock closed back above $14.06. Bank of America has support located at $11.00 but then nothing major until $10. BAC stock is a strong buy below $12 for the long term.
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