Below we will be discussing BAC, RIMM, GOOG, INTC, MSFT, WFC, AMRN
Bank of America Corp (BAC) - Bank of America Corp (BAC) tested $12.25 on Monday after worse than expected earnings last week. BAC stock will have support down here at $12.25 as well as $12. BAC has been called the worst financial right now and it is certainly starting to live up to that title. BAC is a buy here at $12.25 with a stop at $11.99.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) rallied back to $55 on Monday and appears to have put in a short term bottom. RIMM is a buy below $55 for the long term. RIMM will have resistance located at $57-$58.
Google Inc. (GOOG) - Google Inc. (GOOG) was down another $5 on Monday. GOOG is a buy below $520 for the long term. GOOG will have resistance located at $546 this week.
Intel Corporation (INTC) - Intel Corporation (INTC) continues to trade below $20. INTC will have resistance located at $20 followed by $21. Intel remains a strong buy below $21. Intel has support down at $19 this week.
Microsoft Corporation (MSFT) - Microsoft Corporation (MSFT) went back above $25 on Monday. MSFT is a buy below $23 if we were to see a sell off.
Wells Fargo & Company (WFC) - Wells Fargo & Company (WFC) is now trading below $30. WFC stock is a good buy below $30 for the long term. I expect WFC to climb back to $32-$34 at some point in 2011.
Amarin Corporation (AMRN) - Amarin Corporation (AMRN) was higher by over 70% on Monday after one of their drugs had positive showings in a trial. AMRN failed at $18 in pre market but rallied back into the $17's. AMRN has support located at $14.20 but then it's a short for a trade.
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