Bank of America Corporation Stock Chart - The following is Bank of America Corp. (NYSE:BAC)technical analysis for December 4, 2009
Bank of America Corp. Support & Resistance Levels - 12/4/09
Resistance Levels: $16.61, $16.74, $17, $19.09
Support Levels: $15.19, $15, $14.50, and $14.11
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Bank of America closed below the 50 day moving average for the 34th straight trading session. When this trend changes, look out above. As soon as BAC closes back above the 50 day moving average ( currently located at $16.28 ), I will be buying the stock for my long term portfolio. BAC did an offering today at $15 per share which does not help things.
Until then, BAC is vulnerable to more downside pressure. Support is located at $15.19, $15, $14.50, and $14.11
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