Below we will be discussing BAC, NFLX, RIMM, INTC, HDSI.PK
Bank of America Corp (BAC) - Bank of America Corp (BAC) is down big this morning and hit a low of $6.76. BAC will have support at $6.31 for the next two weeks 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) dropped below $220 this morning which was a nice buy for a trade. 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.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is dropping back below $26 on Thursday. 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.
HDS International Corp. (HDSI.PK) - HDS International Corp. (HDSI.PK) is up another 60% today after the company released the following news. HDS International Corp. (OTCQB: HDSI), a provider of industrial ocean-based biomass production and other high-value eco-sustainability solutions, today announced that it has entered into a financing agreement with certain accredited investors, providing for, among other things, immediately available funding.
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