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  • Bank of America Corp. (NYSE:BAC) - Stock Market Analysis for Wednesday

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    Wednesday Jan. 5, 2011 at 09:41 am EST
     
    Bank of America Corp. (NYSE:BAC) Stock Market Analysis 
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    Bank of America Corp. (NYSE:BAC) has gained considerably in the last few trading days. An increased volume has been seen in the options trading also. Investors are positive about Bank's future and are betting on call options of $20 and more. The safest call option right now looks like the $15 calls for Jan 2013. It is still trading at $2.80 which is quite attractive. This option was trading at $1.5 last month and has almost doubled as of now. Shares of Bank of America Corp.(NYSE:BAC) were down 4 cents in the pre market indicating a flat trading day Wednesday.

    Bank of America corp. (NYSE:BAC) is a strong buy below $13.5. A dip is expected now as short term investors might want to take their profits at this level.

    Shares of Bank of America Corp. (NYSE:BAC) closed at $14.24 on Tuesday at resistance level of $14.12. Major support points for Bank of America Corp. (NYSE:BAC) below Tuesday's close are at $13.66, $13.25, $12.46, $11.93 and at $11.41. Resistance levels above Tuesday's close are at $15.18 and $15.84.

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