Below we will be discussing BAC, NFLX, RIMM, INTC, BIDU
Bank of America Corp (BAC) - Bank of America Corp (BAC) continues to trade around $10 and can go either way at this point. BAC has solid support in the mid $9 range so I expect more buying if we see another pullback. BAC will now have resistance up at $10.27 which was the high from last week. BAC is a buy on a close above $10.25 with a tight stop.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) reported light revenue and bad guidance last night. NFLX stock will have resistance located at $260. NFLX will have support down at $245. At this point, I would not be a buyer unless NFLX dropped below $220.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) staged a little rebound on Tuesday. RIMM will now have support down at $25. RIMM will have resistance located at $30.25.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading at $23. INTC will have resistance located at $23.96. Intel remains a strong buy below $21. INTC has support down at $22 right now.
Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) hit a new 52 week high on Tuesday after better than expected earnings. BIDU has resistance located at $170-$175.
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