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  • No One Wants to Buy Bank of America Corp. (NYSE:BAC)

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    Monday June 6, 2011 at 09:32 pm EST
     
    No One Wants to Buy Bank of America Corp. (NYSE:BAC)
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    Shares of Bank of america Corp. (NYSE:BAC) plunged  4% on Monday to close at closed at $10.83. There is no strong support level for Bank of America Corp.(NYSE:BAC) below Today's close. Major resistance levels above $10.83 are at $11.18, $11.61, $12.44, $13.22 and $13.56.

    Shares of Bank of America Corp. (NYSE:BAC) fell on 4th consecutive trading day on weak economy data followed by Moody's downgrade warning. This morning we talked about BofA options being sold very cheap. Today's drop resulted in Jan 2013 $12.5 strike price options to sell for just $1.22. For those who believe BofA can make a come back, this is a great opportunity to jump in.
    Shares of Bank of America Corp. (NYSE:BAC) are down around 14% in last 30 days and are 18% down year till date.


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