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Friday, April 8, 2011

Bank of America Corp (BAC) Stock Technical Analysis

By Tim - http://stockstobuy.org

The following is Bank of America Corp. (NYSE:BAC) technical analysis for April 8, 2011

Bank of America Corp. (BAC) Support & Resistance Levels - 4/8/11

Resistance Levels: $14.00

Support Levels: $13.00, $12.87

Chart - Courtesy of www.stockcharts.com

Bank of America Corp (NYSE:BAC) is trading at $13.70 in pre market this morning. Bank of America Corp (BAC) will have support at $13.00 followed by $12.87. If Bank of America would close below $13.00, BAC stock could end up testing $12.25. Bank of America will now have resistance located at $14.00. BAC continues to be a strong buy below $14. Bank of America Corp (BAC) is starting to show signs of a bottom and could begin to break out soon.

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