Below we will be discussing BAC, NFLX, RIMM, INTC, NWSA
Bank of America Corp (BAC) - Bank of America Corp (BAC) is seeing a nice bounce near $10 this morning. BAC has solid support in the $8-$9 range so I expect at least a short term bottom to form in that range if we see another pullback. BAC will now have resistance up at $10.25. BAC is a buy on a close above $10.25 with a tight stop.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is testing $280 this morning as the stock market sells off. NFLX stock will have resistance located at $300. NFLX will have support down in the $270's.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to trade down after worse than expected earnings guidance. RIMM will now have support down at $25. RIMM will have resistance located at $31.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading around $23. INTC will have resistance located at $23.96. Intel remains a strong buy below $21. INTC has support down at $22 right now.
News Corp. (NWSA) - News Corp. (NWSA) is back trading above $16 this morning after yesterday's hearings. NWSA may have hit a bottom in the $14's over the past week. NWSA will have resistance at $16.89.
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