Below we will be discussing two stocks, Bank of America Corp (BAC) & Netflix Inc. (NFLX). Both NFLX and BAC are worth watching this week.
Bank of America Corp (BAC) - Bank of America Corp (BAC) was higher in pre market due to the JP Morgan earnings but fell apart late in the day. BAC appears to be resuming the recent downtrend but is holding $13. 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) fell below $225 on Tuesday which caused the shorts to cover. Since then, NFLX has rallied $10. NFLX has resistance at $237 & $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 ( currently $237.47).
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NFLX - Neutral
DANG - Buy, above $21
DANG - Buy, above $21
