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Tuesday, April 12, 2011

Bank of America Corp (BAC) & Netflix Inc. (NFLX)

By Tim - http://stockstobuy.org

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) was flat on Monday. The financials are in a mini uptrend right now but BAC stock has been flat. 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) was down big on Monday and is now below $230. NFLX has resistance at $236 & $240. If NFLX breaks up through $240 again, the bulls will come back. Netflix continues to be a great short below the 10 day moving average with a tight stop.

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BAC - Neutral
NFLX - Sell

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