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Sunday, March 11, 2012

Bank of America (BAC) Stock Analysis March 12, 2012

By Tim -

Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - March 12, 2012

Bank of America (BAC) Support & Resistance Levels - 3/12/12

Resistance Levels: $8.35, $8.77

Support Levels: $7.69, $7.50

Chart -

Bank of America (BAC) stock is looking strong trading back in the $8's. BAC continues to close above the 200 day moving average which is why the stock is so strong. Bank of America (BAC) will have support down around $7.69 and resistance at $8.35. A close above $8.35 would extend the rally even further.

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