By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - June 4, 2012
Bank of America (BAC) Support & Resistance Levels - 6/4/12
Resistance Levels: $7.44, $7.90
Support Levels: $6.71, $6.40, $6
Chart - http://www.stockcharts.com
Bank of America (BAC) stock closed at $7.02 on Friday which is back below the 200 day moving average. Bank of America (BAC) will have support down at $6.71 which was the previous low. If Bank of America (BAC) drops below $6.71, the next major level to watch is $6.40. I feel BAC stock is a strong buy below $7. I currently have an $8.50 price target on Bank or America (BAC) for the rest of 2012. BAC should explode into the $8's when the stock closes above $7.44.
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