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Wednesday, October 27, 2010

Bank of America Corp (BAC) Stock Analysis 10/27/10

By Tim - http://stockstobuy.org


The following is Bank of America Corp. (NYSE:BAC) technical analysis for October 27, 2010

Bank of America Corp. Support & Resistance Levels - 10/27/10

Resistance Levels: $13, $14.06, $14.64


Support Levels: $11.07, $10.53, $10.00


Chart - Courtesy of www.stockcharts.com

Bank of America Corp (BAC) made a new low at $11.03 Tuesday morning and continues the downward spiral. Bank of America Corp will now have resistance located at the 10 day moving average ( currently $11.91 ). When Bank of America closes back above this level, I plan to buy the stock for a trade. Bank of America continues to have support located at $11.

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