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Bank Of America Corp (BAC) Confirmed Breakout Above 13.15

|Includes:Bank of America Corporation (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

RESISTANCE ABOVE None.

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 chartClick to enlarge

Source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=BAC

Stocks: BAC