Below we will be discussing BAC, NFLX, RIMM, INTC, CLWR
Bank of America Corp (BAC) - Bank of America Corp (BAC) is down today and retesting the lows from Thursday 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) is now trading below $215 this morning and starting to look good. NFLX stock will have resistance located at $245. NFLX will have support down at $210. At this point, I would not be a buyer unless NFLX drops below $210. If NFLX hits $190 it becomes a strong buy for a trade.
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 $19.50 right now.
Clearwire Corporation (CLWR) - Clearwire Corporation (CLWR) is up 20% today on takeover chatter. There is a rumor out in the market place that Sprint (S) is looking to take over CLWR. As for the stock, CLWR will have support located at $2.50 today.
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