Below we will be discussing BAC, NFLX, RIMM, INTC, HD
Bank of America Corp (BAC) - Bank of America Corp (BAC) is trading flat this morning. 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 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 trading back in the low $230's today. NFLX stock will have resistance located at $250. 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 dropping back to $26 on Wednesday. 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 $21. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.50 right now.
TravelZoo (TZOO) - TravelZoo (TZOO) continues to tank as investors flee the stock. TZOO will see a turnaround when the stock finally closes back above the 10 day moving average. I expect the 10 day to come in around $42 tomorrow so we have a long way to go. TZOO will have support located at $36.19 & $31.68
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
