Below we will be discussing two stocks with potential trades. Bank of America Corp (BAC) & Netflix Inc. (NFLX). Both NFLX and BAC could see some upside this week.
Bank of America Corp (BAC) - Bank of America Corp (BAC) just turned positive as the stock market seems to be improving. The financials are reversing out of an uptrend and BAC is back in the low $13's. BAC has been called the worst financial right now but as long as the stock remains above $13, I like it. Look for BAC to gain momentum if the stock closes back above $14.08.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) fell below $225 on Tuesday which caused the shorts to cover. NFLX has resistance at $236 & $240. If NFLX breaks up through $240 again, the bulls will come back. Netflix continues to be a great short below the 10 day moving average with a tight stop.
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NFLX - Neutral
DANG - Buy, above $21
DANG - Buy, above $21
