Below we will be discussing BAC, NFLX, RIMM, INTC, BP, ULTA
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low on Tuesday located at $10.60 . BAC stock will have support down at $10. BAC has been called the worst financial right now and it is certainly living up to that title. BAC should continue to be dead money unless the stock closes back above $12. BAC will have resistance located at $11.05.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) was flat on Tuesday. NFLX stock will have resistance located at $280. NFLX is a buy below $240.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) closed below $38 on Tuesday and failed at $40. RIMM will now have support at $37. RIMM will have resistance located at $40.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back above $22. INTC will have resistance located at $24. Intel remains a strong buy below $21. Intel has support down at $21.50 right now.
BP plc (ADR) - BP plc (ADR) continues to trade in the mid $40's but has been in a downtrend all year. BP will have resistance located at $46.
Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) - ULTA stock up 12% afterhours on positive earnings - Ulta Salon, Cosmetics & Fragrance, Inc. [NASDAQ:ULTA], today announced financial results for the thirteen week period (“First Quarter”) ended April 30, 2011, which compares to the same period ended May 1, 2010.
For the First Quarter:
- Net sales increased 20.6% to $386.0 million from $320.2 million in the first quarter of fiscal 2010;
- Comparable store sales (sales for stores open at least 14 months) increased 11.1% compared to an increase of 10.8% in the first quarter of fiscal 2010;
- Gross profit increased 230 basis points to 34.9% from 32.6% in the first quarter fiscal 2010;
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