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Automated Stock Consulting since 1999! Specializing in stock breakout and double bottom momentum plays. Posts are opinions only and NOT investment advice.
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  • Bank Of America Corp (BAC) Confirmed Breakout Above 13.15 0 comments
    May 14, 2013 10:57 AM | about stocks: BAC

    A confirmed breakout to new highs after a week long bull flag formation.

    Breakout Details

    BREAKOUT CONFIRMED breakout above 13.15, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 14.01, 5.6% Stop: 12.99, Loss: 2.1%, Profit/Loss ratio: 2.7 : 1 - Good

    Support and Resistance

    CURRENT PRICE 13.27, just above resistance, 12.96 ± 0.19, type double, strength 9


    SUPPORT BELOW -2.3% at 12.96 ± 0.19, type double, strength 9
    -7.3% at 12.3 ± 0.18, type triple+, strength 10
    -10.8% at 11.84 ± 0.18, type triple, strength 9

    (click to enlarge)BAC stock chart


    Stocks: BAC
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