Bank of America (BAC) Stock Analysis May 16, 2012

By Tim - http://stockstobuy.org - @stockstobuy

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - May 16, 2012

Bank of America (BAC) Support & Resistance Levels - 5/16/12

Resistance Levels: $8.80

Support Levels: $7.65

Chart - http://www.stockcharts.com

Bank of America (BAC) stock bounced off the 200 day moving average on Tuesday. BAC continues to close below the 10 & 50 day moving averages which is why the stock is so weak. Bank of America (BAC) will have support down around $6.95 and is a buy below $7.50.

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