Below we will be discussing BAC, NFLX, RIMM, INTC, PANL
Bank of America Corp (BAC) - Bank of America Corp (BAC) dropped to $6.01 and is bouncing nicely off that low. BAC has support at $6.00 going forward. BAC will now have resistance up around $7.22. 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) hit $204 this morning and is bouncing above $210. 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) stock is testing $27 on again on Tuesday. 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.
Universal Display Corp. (PANL) - Universal Display Corp. (PANL) is popping 22% this morning after massive gains on Monday. It turns out, Universal Display Corp. (PANL) announced a deal with Samsung this morning. Hmmm, someone leaked this news on Monday because the stock jumped from $28 to $36.
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