Bank of America Leads Rally

Mar. 08, 2011 3:12 PM ETBAC
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 Everything is once again wonderful in the bankers world. Today all of the leading financial stocks are rallying sharply higher. Bank of America Corp.(NYSE:BAC) is trading higher by 0.63 cents to $14.66 a share. Traders should watch for intra-day resistance around the $14.75 level. Financial stocks are euphoric today, therefore, day traders must be careful on the short side.

Nicholas Santiago

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