By Tim - http://stockstobuy.org - Twitter - @stockstobuy - Bank of America (BAC) Stock Chart - The following is technical analysis on Bank of America ( BAC ) - August 1, 2012
Bank of America (BAC) Support & Resistance Levels - 8/1/12
Resistance Levels: $7.96
Support Levels: $6.90, $6.85, $6.71
Chart - http://www.stockcharts.com
Bank of America (BAC) stock continues to trade in the low $7's. Bank of America (BAC) will have support down at $6.90, $6.85, and $6.71. If Bank of America (BAC) drops back below $6.71, the next major level to watch is $6.00. BAC stock is a strong buy below $7. I currently have an $8.50 price target on Bank or America (BAC) for the rest of 2012.
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