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Thursday, March 17, 2011

Bank of America Corp (BAC) Stock Analysis 3/17/11

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for March 17, 2011

Bank of America Corp. (BAC) Support & Resistance Levels - 3/17/11

Resistance Levels: $14.70, $15

Support Levels: $13.54

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (NYSE:BAC) stock rallied to close just below $14 on Thursday. Bank of America Corp (BAC) will have support at $13.54 which is the current 200 day moving average. If Bank of America would close below $13.54, BAC stock could end up testing $13. Bank of America will now have resistance located at $14 as well as $14.70. BAC continues to be a strong buy below $14. Bank of America Corp (BAC) will become hot again in 2011 after this correction.

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