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Thursday, August 12, 2010

Bank of America Corp BAC Stock 8/12/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for August 12, 2010

Bank of America Corp. Support & Resistance Levels - 8/12/10

Resistance Levels: $14.00, $14.65

Support Levels: $13, $12.20

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) hit a fresh 52 week low on Wednesday and now is testing $13 in pre market. Bank of America has support at $13 but then nothing until $12.20. If Bank of America falls into the $12's today, I think you have to continue to add to your position for the long term. In a few years, we will look at this stock and wish we would have bought more down here.

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