Below we will be discussing BAC, DANG, NFLX, RIMM, INTC, MSFT
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) tanked on Tuesday due to worse than expected earnings guidance. NFLX will now have support at $224. NFLX still gets the blessing from Jim Cramer though. Cramer says wait one more day to buy NFLX stock.
E Commerce China Dangdang Inc (DANG) - E Commerce China Dangdang Inc (DANG) has now formed heavy resistance at $26.40. DANG may be a sell for short term traders. I own DANG at $20.25 and plan on sticking with it for the long term. I would buy more below $21 if we ever saw a pullback.
Bank of America Corp (BAC) - Bank of America Corp (BAC) closed at the lows of the day on Tuesday. BAC stock will have support down at $12. BAC has been called the worst financial right now and it is certainly starting to live up to that title. BAC is a buy at $12.25 with a stop at $11.99. BAC will have resistance on the upside located in the mid $13's.
Intel Corporation (INTC) - Intel Corporation (INTC) is now making a retest of $22.50. INTC will have resistance located at $23. Intel remains a strong buy below $21. Intel has support down at $22.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back trading in the $55's. RIMM is a buy below $55 for the long term. RIMM will have resistance located at $57-$58.
Microsoft Corporation (MSFT) - Microsoft Corporation (MSFT) is back above $26 on Tuesday. MSFT is a buy below $23 if we were to see a sell off.
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