Below we will be discussing two stocks with potential trades. Bank of America Corp (BAC) & Netflix Inc. (NFLX). Both NFLX and BAC could see some upside this week.
Bank of America Corp (BAC) - Bank of America Corp (BAC) closed strongly on Wednesday. The financials broke out and BAC stock has been basing in the mid $13's. BAC has been called the worst financial right now but as long as the stock remains above $13, I like it. Look for BAC to gain momentum if the stock closes back above $14.08.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) dropped below $240 after hitting a 52 week high earlier in the day. NFLX has resistance at $249 & $250. If NFLX can break $250, the sky is the limit. If you want to short Netflix, wait for the stock to close back below the 10 day moving average ( currently $238.07 and rising ) and then strike.
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