Below we will be discussing BAC, NFLX, RIMM, INTC
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low at $8.03 on Friday. BAC will have support located between $7.50-$8.00 next week. BAC will now have resistance up at $9.05 which was the high on Friday. BAC is a buy on a close above $10.25 with a tight stop.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is back trading near $245. NFLX stock will have resistance located at $251. NFLX will have support down at $235. At this point, I would not be a buyer unless NFLX dropped below $220.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is back below $24 on Friday. RIMM will now have support down at $21.50. RIMM will have resistance located at $25. 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 $21. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $20 right now.
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