Acampora: BofA and Citi are buys after breaking resistance

A look at price charts for Bank of America (BAC +1.1%) and Citigroup (C +1.5%) shows well-followed technician Ralph Acampora likely sees $16 as a key level for BofA and $50 for Citi. The recent rally has brought Bank of America to $16.32 and Citi to $51.67. Next stops $18 and $55, respectively?

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Comments (16)
  • Archman Investor
    , contributor
    Comments (3349) | Send Message


    Ralph "I-can-make-U-poorer".


    Well followed? The guy vanished for years in disgrace after many, many blow predictions. They always come back figuring people forget. LOL.


    I thought this relic retired? I guess the amount of $$ this guys makes is just never enough.
    25 Aug 2014, 12:49 PM Reply Like
  • Ghostrider200
    , contributor
    Comments (11) | Send Message
    Mr. Acampora, or as he was better known on The Street years ago, Mr. Pancake for all his flip flopping around on his absurd predictions, ….. I would never, ever listen to this gentleman.
    25 Aug 2014, 01:26 PM Reply Like
  • Hardog
    , contributor
    Comments (17021) | Send Message
    another talking head that pops up like a prairie dog.
    26 Aug 2014, 10:56 PM Reply Like
  • muddpye
    , contributor
    Comments (36) | Send Message
    What does a "key" level mean….tells me squat really… about $50 for BAC is that a key level too? ... squeeze your balls, pull the trigger and get some details going or don't say anything!
    25 Aug 2014, 01:39 PM Reply Like
  • billmichael
    , contributor
    Comments (141) | Send Message
    Bank of America (NYSE:BAC) was over $18.00 in March.
    25 Aug 2014, 01:41 PM Reply Like
  • mag1205
    , contributor
    Comments (2447) | Send Message
    Next stop at $25 going all the way $50 in the next 2 to 4 years. Long BAC
    BAC will surprise lot of people. Mr. Buffet will make a killing from his 5B contribution.


    Long BAC
    25 Aug 2014, 02:05 PM Reply Like
  • Ruffdog
    , contributor
    Comments (3548) | Send Message
    BAC will not go over $20 until the Obama administration is gone.
    25 Aug 2014, 09:03 PM Reply Like
  • nooseah
    , contributor
    Comments (732) | Send Message
    BAC will not go over $20. Period.


    (Caveat: unless we get hyper-inflation, then ad some zeros)
    26 Aug 2014, 01:42 AM Reply Like
  • mag1205
    , contributor
    Comments (2447) | Send Message
    BAC is on its way to $20 and more by year end. All the ghosts & skeletons of the past are behind now.


    Long BAC
    25 Aug 2014, 02:10 PM Reply Like
  • muddpye
    , contributor
    Comments (36) | Send Message
    ~the only reason you wouldn't buy this stock, BAC, for the long haul ….if you thought it was going bankrupt…. 2nd largest US bank…even with rates retreating from here the book value will be met and then zoom to 30 in the next 2-3 years if not sooner… In OCT. the fed halts easing all together. Thats perfect timing for the 3rd quarter to conclude and for portfolio repositioning to occur for the 4th quarter. YOu think fund managers might overweight financials then??? New elections may well replace lotsa dems in November with more sympathetic republicans to a co. like BAC. Lets not outthink this thing. Roll with the obvious. And I actually believe that rates will stay low for another year or two. What Im saying is I am going long BAC without a bullish outlook for net interest margin rising anytime soon. How bout them apples?
    25 Aug 2014, 02:46 PM Reply Like
  • caperdory
    , contributor
    Comments (488) | Send Message
    funfun....say it ain't so
    25 Aug 2014, 03:07 PM Reply Like
    , contributor
    Comments (5156) | Send Message
    Hey Ralph, what's the temp going to be tomorrow ?


    If he says warm, bring a sweater.


    Go home Ralph, it's time for dinner.
    25 Aug 2014, 04:17 PM Reply Like
  • norman authier
    , contributor
    Comments (5) | Send Message
    B of A is a steal right now. The govt. really put the boots to them for doing the same thing the govt. did with GM. But of course the govt. said it was not responsible for GM's past mistakes. B of A has great management and it's stock price will soar in no time. Why do you think Buffett owns so much of it?
    25 Aug 2014, 11:51 PM Reply Like
  • nooseah
    , contributor
    Comments (732) | Send Message
    So, in order to get rich, just find out what Warren Buffet's invested in and do the same?


    So simple!
    26 Aug 2014, 01:44 AM Reply Like
  • dictionshunary
    , contributor
    Comments (750) | Send Message
    Mag1205 you are so right. Wonder what the fun guy thinks? He's hiding behind a diff name crying. Buy BAC and stay long for a while. Mid to hi twenties by end of year, easy double in one year. Great mgmt too, right fun guy!
    26 Aug 2014, 09:51 AM Reply Like
  • d7mead
    , contributor
    Comments (44) | Send Message
    whatever happened to he on vacation or something ?
    27 Aug 2014, 12:49 PM Reply Like
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