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Posted by StockBuz on December 7, 2014 at 5:23pm in Long Setups and Sectors

I recommended Bank of America long last Tuesday 12/02 in Chat with a stop below Monday's low.  On Friday - it broke out.  First target is 17.90 and secondary target 18.90.  If it comes back to test support, ADD shares or calls at the 50d with a stop (alert) below 16.60

Banks and broker/dealers will do well in a rising rate environment.  Watch the 10yr ($TNX)

This does not necessarily apply to regional banks - it depends if they have exposure to energy names (in my opinion)

Broker/dealers also discussed and recommended in Chat.

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Tags: bank of america stock, bac, banks, broker dealers, rising interest rates, $tnx, 10 year
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