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Sunday, February 10, 2013

trades... $BAC $FB

BAC - technical set up is an interesting one:

Considering BAC sat out of Friday's rally, the probability is high that it will chill around  mid-11, until it is ready to break-out.

The mid-11 supports maybe breached, but for this to happen I am inclined to think market weakness would cause the breach. BAC can see its 62SMA (low-11/high-10).  

FB - Looks like FB would like to trade near mid/low 27.  If the 62SMA breaks, it can see 25.

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