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Monday, September 6, 2010

Bank of America Corp BAC Stock Analysis

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 4, 2010
Bank of America Corp. Support & Resistance Levels - 9/4/10

Resistance Levels: $13.83, $14.64

Support Levels: $13.00, $12.20, $11.90

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) closed at $13.50 on Friday but failed to close back above the 50 day moving average. Bank of America Corp will have resistance located at $13.84 starting on Tuesday as well as $14.00. Bank of America will now have support located at $13.30 as well as $13. Bank of America is a strong buy below $13 for the long term.

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