BUY! Bank Of America & Co (BAC) NYSE

  Report No. 2296    Analysis by: Harry Aloof     SEPTEMBER 28, 2008

BANK OF AMERICA & CO (BAC-NYSE): Technical Viewpoint: From a low of $25.00 on Sep 16, 2008 prices rallied, reaching a high of $39.50 on Sep 19, 2008. A decline saw prices pull back, reaching a low of $32.00 on Sep 23, 2008. Another rally saw prices penetrate resistance, closing 9/26/08 at $36.70. Technicals: MACD Index (MACD): A Buy Alert! was given on Sep 19, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $33.00. Resistance: Is at $39.50. Point & Figure: Reversed to the upside on Sep 25, 2008. A P&F upside reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! Bank Of America & Co (BAC-NYSE) @ $37.63 Stop: Use a protective stop of $35.63. Bank Of America & Co is currently trading @ $36.70 plus $2.33 on Sep 26, 2008. Price Objective: $49.50. Risk/Reward: $2.00 VS. $11.87. Today's Risk Reward Ratio: 6:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$49.50 Risk/Reward:
$2.00 VS. $11.87 Risk/Reward Ratio:
6:1
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