Friday, June 12, 2009

BANK OF AMERICA READY TO BREAKOUT - UPGRADE TO BUY

Bank of America (BAC) has been idle for a month now. The stock appears to have found its footing closing up a dollar to $13 yesterday on CEO Ken Lewis' testimony to Congress. The Street has embraced BAC as one of the big bank survivors who has solid growth ahead. BAC 120 day price target $20 per share.

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