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Wednesday, March 10

Bank Of America Corp $BAC and Alcoa Inc $AA update

Bank of america corp has a bullish pattern. The first target level is $18.

Alcoa Inc continues to lag. However, the aluminum story is not over. Morgan Stanley has bought 23million shares of CHALCO shares. Morgan Stanley has a price target for Alcoa Inc at $22. I think they are buying Alcoa shares for their clients too.

1 comment:

Blkbird said...

AA -This is going to be the same story as C (it lagged all the financials for the longest time and when all the big boys were done loading up it has started moving)JMHO

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