Bank of America (BAC) as well as many other stocks have been hitting their stride for the most of 2012 thus far. See my 4 stocks to buy in 2012. The million dollar question is whether this will be a sustained rally or just a minor blimp before stocks head lower.
Well looking at the stock chart of Bank of America, I certainly like it to go higher. Volume is strong and we have a nice pullback play in the works. I think we should be getting at least one more strong boost out of this current trend higher before its over.
Keep the $7 mark as an area of support.
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