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Friday, July 6, 2012

Bank of America (BAC) Stock Analysis July 6, 2012

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

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - July 6, 2012

Bank of America (BAC) Support & Resistance Levels - 7/6/12

Resistance Levels: $8.22, $8.39

Support Levels: $7.61

Chart - http://www.stockcharts.com

Bank of America (BAC) stock closed below the 10 day moving average on Thursday. Bank of America (BAC) will have support down at $7.61. If Bank of America (BAC) drops back below $7.50, the next major level to watch is $7.17. 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. That price target is likely to be met soon.




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