Below we will be discussing BAC, NFLX, RIMM, INTC, UA
Bank of America Corp (BAC) - Bank of America Corp (BAC) is now forming a base after Warren Buffett invested in the company last week. 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) rallied back above $220 on Friday. NFLX stock will have resistance located at $225. 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 near $30. 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.
Under Armour, Inc. (UA) - Under Armour, Inc. (UA) surged 13% on Friday as money started flowing back into some of the high beta stocks. UA will have resistance above $70.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
