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Sunday, September 26, 2010

Bank of America Corp BAC Stock - 9/26/10

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 26, 2010


Bank of America Corp. Support & Resistance Levels - 9/26/10

Resistance Levels: $14.06, $14.64

Support Levels: $13.00

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) snapped back to close at $13.60 on Friday after holding the $13 area.. Bank of America Corp has support on the downside at $13 with resistance on the upside at $14. As soon as Bank of America closes and remains above $14 for some time, I think you will see the shorts cover and the stock move higher. If we see Bank of America Corp drop below $13, I think it becomes a solid long term buy.

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