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Wednesday, August 24, 2011
By Tim - http://stockstobuy.org/ Check the Top Stocks Gainers in 2011, year to date.
Below we will be discussing BAC, NFLX, RIMM, INTC, V
Bank of America Corp (BAC) - Bank of America Corp (BAC) is surging 8% today as the banks come back to life. BAC has support at $6.00 going forward. BAC will now have resistance up around $7.22. BAC is a sell above $8.00 on any rally. Dick Bove said on CNBC that he's not buying stocks yet but if he was, he'd buy Bank of America. Donald Trump recently bought BAC stock as well.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is pulling back to the $210 level today. NFLX stock will have resistance located at $220. NFLX will have support down at $200. NFLX is a light buy here below $210. If NFLX dropped below $200, the stock becomes a strong buy.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) stock is testing $28 on Wednesday. RIMM will have support down at $24. RIMM will have resistance located at $30. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is trading back below $20. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.00 right now.
Visa (V) - Visa (V) is jumping this morning. Visa stock will have resistance up at $86 today.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com