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Friday, January 7, 2011

Bank of America Corp (BAC) Stock Analysis 1/7/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for January 7, 2011

Bank of America Corp. Support & Resistance Levels - 1/7/11

Resistance Levels: $14.62, $15

Support Levels: $14, $13, $12.72
Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) closis reversing lower after an in-line jobs report today. Bank of America will now face resistance up at $15 per share. If Bank of America can close above $15, the stock could easily rip into the $16-$17 range with no problem. On the downside, BAC is a strong buy below $13 if we see a pullback. Bank of America Corp and the financials will be a hot in 2011.

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