Below we will be discussing BAC, NFLX, RIMM, INTC, BKS
Bank of America Corp (BAC) - Bank of America Corp (BAC) is down 3% this morning as the stock market sells off. BAC has support at $7.00 going forward. BAC will now have resistance up around $8.80. BAC is a buy below $7.00. 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) is trading up near $230 this morning. NFLX stock will have resistance located at $240. NFLX will have support down at $200. NFLX is a light buy below $210. If NFLX dropped below $200, the stock becomes a strong buy.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to trade back above $30. RIMM will have support down at $24. RIMM will have resistance located at $32. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is trading back above $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.
Barnes & Noble, Inc. (BKS) - Barnes & Noble, Inc. (BKS) stock is surging this morning after the company says the NOOK reading device is set for major growth. BKS is currently trading back up in the $13's after selling off over the past two weeks.
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