Below we will be discussing BAC, NFLX, RIMM, INTC, TZOO
Bank of America Corp (BAC) - Bank of America Corp (BAC) is bouncing over $10 this morning. 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 $10.25. BAC is a buy on a close above $10.25 with a tight stop.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) continues to form a base around $280. NFLX stock will have resistance located at $300. NFLX will have support down in the $270's.
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.
TravelZoo Inc. (TZOO) - TravelZoo Inc. (TZOO) is dropping 29% today after a massive earnings miss. Even if you add in the TV ad test of $0.07, they still missed by a mile. I was personally expecting TZOO to hit $0.44-$0.45 based on the recent runup. After selling at $79 several weeks ago, I bought back a small position in TZOO at $59.15. $57'50's appear to be strong support right now. I plan to get aggressive in the low $50's if the stock sells off more.
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