$BAC - Make or Break Moment For Bank of America

Bank of America (BAC) is probably the only stock that still hasn’t recuperated all the money that its investors lost in the the stock market crash of 2008-2009. It’s been almost 5 years, and the stock still continues to trade in mediocrity and the Bank is still fighting never-ending lawsuits associated with Mortgage Fraud and what not. Now, BAC is at a very critical resistance. If BAC can successfully break this resistance, then the stock can regain its all-time-high. If it fails to break that level, then there might be more pain ahead for BAC investors.

Here is a Daily chart of BAC:

BAC - Daily Chart

Recommendation: BUY Above $15 and SELL Below $13.50

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