Bank of America (BAC) Stock Analysis May 21, 2012

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

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - May 21, 2012

Bank of America (BAC) Support & Resistance Levels - 5/21/12

Resistance Levels: $7.25

Support Levels: $6.89, $6.40

Chart - http://www.stockcharts.com

Bank of America (BAC) stock closed in the green on Friday and made a higher close than the previous close, first time in 8 sessions. BAC continues to close below all three major moving averages which is why the stock is so weak. Bank of America (BAC) will have support down around $6.89 and is a buy below $7.50.

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