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Benzinga
Benzinga
Business
Mark Putrino

BZ Chart Of The Day: Time To Sell Bank Of America?

Shares of Bank of America Corporation (NYSE:BAC) are overbought and at resistance, which means it may be time to sell.

Resistance is a large concentration of sellers gathered around the same price. At resistance levels, there is more supply than demand for shares. Stocks tend to head lower after running into them.

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