Below we will be discussing BAC, NFLX, RIMM, INTC, JVA
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low this morning at $10.15. BAC could be getting ready to retest $10 again in the next few weeks. BAC will now have resistance up at $12. BAC most likely put in a bottom and can be bought below $11 with a stop at $10.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) traded up in the 304's this morning but has pulled back below $300. NFLX stock will have resistance located at $310. NFLX will have support down in the $270's on a sell off.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to trade down after worse than expected earnings guidance. RIMM will now have support down at $25. RIMM will have resistance located at $31.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading below $23. INTC will have resistance located at $23.96. Intel remains a strong buy below $21. INTC has support down at $22 right now.
Coffee Holding Co., Inc. (JVA) - Coffee Holding Co., Inc. (JVA) is bouncing back in the $24's after plunging yesterday. JVA is a buy below $20 for a swing trade.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
