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Stock Market Closing Report - 12/8/20 December 8, 2020

Saturday, August 20, 2011

Top Stocks: BAC, INTC, RIMM, NFLX, BIDU

By Tim - http://stockstobuy.org/ Check the Top Stocks Gainers in 2011, year to date.

Below we will be discussing BAC, NFLX, RIMM, INTC, BIDU

Bank of America Corp (BAC) - Bank of America Corp (BAC) rallied into the close on Friday and continues to hold the recent lows. BAC has support at $6.31 in the short term which was the recent low. BAC will now have resistance up around $8.00. BAC is a sell above $8.00 on any rally. Dick Bove said on CNBC that he's not buying stocks yet but if he was, he'd buy Bank of America. Donald Trump recently bought BAC stock as well.

Netflix Inc. (NFLX) - Netflix Inc. (NFLX) closed below $210 on Friday. NFLX stock will have resistance located at $220. NFLX will have support down at $200. NFLX is a light buy here below $210. If NFLX dropped below $200, the stock becomes a strong buy.

Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back above $26 on an upgrade this morning. RIMM will have support down at $24. RIMM will have resistance located at $30. The only reason I'd buy RIMM right now would be as a takeover target.

Intel Corporation (INTC) - Intel Corporation (INTC) is trading back below $20. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.00 right now.

Baidu.com, Inc. (BIDU) - Baidu.com, Inc. (BIDU) closed right at the 200 day moving average on Friday. BIDU is a short on a break below $126 with a tight stop at $130. BIDU is a buy below $110.

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