BAC - Bank of America

With the financial sector and markets down, BAC is going positive

 

As the markets worsened BAC gained strength leading the big banks under market pressure. A good sign indeed.

 

With markets melting down, BAC has went green. Could be anticipation of the fed later today

 

I know Yellen is just a puppet but come on let's raise the rates. It hasn't had much effect on BAC but it would be running by now if not for the Feds would step up to the plate

 

Bank of America Corp (NYSE:BAC) is trading at $15.19, -0.03 (-0.20%). The stock is hovering at a major breakout point on the chart. If this level breaks to the upside, Bank of America will likely surge to $18.00 within weeks. Investors must respect the resistance trend line. Remember, until it breaks there are no solid bets to the buy side. Smart investors and big money are watching closely as the stock hammers on $15.25. A daily close above and it is likely to see blast-off.



By Pro-Trader
Jenny Rebekka

 

finally thro 15.25 woeee should be at 18 and higher---in time

 

I posted this on April 14th and there has been some bumps in the road for BAC getting to where it is now...Currently 15.31

As I put a target price of $18 on BAC, I think it is attainable in the midterm with Oil normalizing and other factors to fall in place. Once the Fed starts raising rates the target price will be much higher and I would have to post a 10 year chart. This one of my longs after swapping horse's with C. Now $2.89 from target price at 15.11, but who's counting

 

OCT 18 calls are still available for pennies... FYI

 

And the 17's for a few cents more

 

Bids in for .02 on the Oct 18 Calls
Bids in for .07 on the Oct 17 Calls

 

Dec 18's .06X.08 to buy more time

 

For what ever reason BAC is outperforming the rest of the financials today. They do have the most to gain when the Fed starts raising rates.

 

Man, was hoping to get some .06s. Hopefully it comes down at least a little for me to get some.

 

With markets down, BAC still showing strength

 

BAC up after Yellen comments and off the HOD

 

$BAC short covering all day after Fed is considering interest hike.Better cover quickly because she's going up.

 

When the market was up BAC was losing steam. Now that the broader markets are down it is picking up steam

 

BAC continues to see green in down markets and leads the big banks and on high volume

Goldman Sachs Says Bank of America at an "Inflection Point"
http://www.investopedia.com/news/go...america-inflection-point-bac/?partner=YahooSA

 

BAC touches $16 on prospect of a rate hike