Below we will be discussing BAC, NFLX, RIMM, INTC, DIS
Bank of America Corp (BAC) - Bank of America Corp (BAC) continues the downward spiral after breaking down through $10 recently. BAC will have support located between $5-$6 but Dick Bove said B of A is the strongest bank in america right now. BAC will now have resistance up at $7.70 which was the high on Monday. BAC is a risky stock right now but could surge on a break above $7.70. Dick Bove said on CNBC he's not buying stocks yet but if he was, he'd buy Bank of America.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is now trading in the $230's. NFLX stock will have resistance located at $240. NFLX will have support down at $220. At this point, I would not be a buyer unless NFLX drops below $220.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back below $23 on Wednesday. RIMM will now have support down at $21.50. RIMM will have resistance located at $23.09. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading 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.
Walt Disney Co. (DIS) - Walt Disney Co. (DIS) is plunging 14% back to $30 today after worse than expected earnings. DIS is a buy if the stock drops below $27.
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