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Stock Market Closing Report - 12/8/20 December 8, 2020

Monday, August 8, 2011

Top Stocks: BAC, NFLX, RIMM, INTC, VXX

By Tim - http://stockstobuy.org/ Check the Top Stocks Gainers in 2011, year to date.

Below we will be discussing BAC, NFLX, RIMM, INTC, VXX

Bank of America Corp (BAC) - Bank of America Corp (BAC) continues the downward spiral after breaking down through $10 recently. BAC will have support located between $5-$6 with the company getting sued today. BAC will now have resistance up at $7.70 which was the high on Monday. BAC is a risky stock right now but could surge on a break above $7.70.

Netflix Inc. (NFLX) - Netflix Inc. (NFLX) dropped back into the $220's on Monday. NFLX stock will have resistance located at $240. NFLX will have support down at $220. At this point, I would not be a buyer unless NFLX drops below $220.

Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back below $23 on Monday. RIMM will now have support down at $21.50. RIMM will have resistance located at $23.09. The only reason I'd buy RIMM right now would be as a takeover target.

Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading below $21. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $20 right now.

iPath S&P 500 VIX Short-Term Futures ETN (VXX) - iPath S&P 500 VIX Short-Term Futures ETN (VXX) is up 9% today and up over 40% in the past week. VXX could be headed for a correction if the S&P 500 can close near or above 1170 today.

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