Below we will be discussing BAC, NFLX, RIMM, INTC, BP
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit a new 52 week low on Monday. BAC stock will have support down at $10.75 today. BAC has been called the worst financial right now and it is certainly living up to that title. BAC should continue to be dead money unless the stock closes back above $12. BAC will have resistance located at $12.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) hit a new 52 week high yesterday and then tanked with the stock market. NFLX stock will have resistance located at $280. NFLX is a buy below $240.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) stock reversed off the morning lows Monday and is now trading around $39. RIMM will now have support at $37. RIMM will have resistance located at $40.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back above $22. INTC will have resistance located at $24. Intel remains a strong buy below $21. Intel 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.
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