Cramer: Toss the Ba...
Open Question
Dan,
You nailed BAC last week when you said the 20day MA acted as support and that
it could go to $10 pretty easily if it broke out above $8. So thanks for that
one, the drinks are on me. Given it's huge run up in the past few days, where
do you think support is now? (or is it too early to tell?)
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I'm still in CL. You know it.
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Thanks, Valerie.
I pulled those numbers from Ameritrade for 4/13 - not sure what went awry.
Maybe one more month for The Plan.
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CL, yesterday's numbers on BAC were: Open 9.40 and low 9.16.
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Is the intraday the same as the low of the day?
Here's yesterdays numbers which means BAC has broken down? Does it matter that
today's down is certainly influenced by GS?
Open $10.97 High $11.11 Low $10.94 Close $11.05
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Thanks Courtney. When a stock really moves parabolically, I tend to look at the
prior day's intraday low as support. If that support is broken, then it reveals
that the sellers are stronger today relative to the buyers than they were
yesterday.
That's when I'd want to sell.
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