Below we will be discussing BAC, NFLX, RIMM, INTC, BP, NOK
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low on Wednesday located at $10.49. BAC stock will have support down at $10. BAC has been called the worst financial right now and it is certainly living up to that title. BAC will continue to be dead money until the stock closes back above $12. BAC will have short term resistance located at $11.05.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) was flat on Wednesday. NFLX stock will have resistance located at $280. NFLX is a buy below $240.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) bounced off a 52 week low of $36.53 on Wednesday. RIMM will now have support at $35. RIMM will have resistance located at $38.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back below $22. INTC will have resistance located at $24. Intel remains a strong buy below $21. INTC has support down at $21.50 right now.
BP plc (ADR) - BP plc (ADR) continues to trade in the mid $40's but has been in a downtrend all year. BP will have resistance located at $46.
Nokia Corporation (NOK) - Nokia Corporation (NOK) hit a new 52 low today and closed at the lows of the day. NOK is been on a huge downtrend as Apple eats their lunch in the mobile phone business. NOK will have resistance located at $6.50 & $6.80.
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