Below we will be discussing two stocks, Bank of America Corp (BAC) & Netflix Inc. (NFLX). Both NFLX and BAC are worth watching this week.
Bank of America Corp (BAC) - Bank of America Corp (BAC) dropped below $13 on Friday after a poor earnings report. BAC is now continuing the downtrend and will have support at $12.25. BAC will have resistance on the upside at $13.88 as well as $14.08. Look for BAC to gain momentum if the stock closes back above $14.08.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) continues to trade below the 10 day moving average. NFLX is now seeing a small pullback but nothing major. NFLX will have resistance at $237 & $240. If NFLX closed above $240 again, the bulls will come back. Netflix continues to be a great short below the 10 day moving average with a tight stop ( currently $237.02).
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NFLX - Neutral
DANG - Buy, above $21
DANG - Buy, above $21
