Below we will be discussing BAC, NFLX, RIMM, INTC, GOOG
Bank of America Corp (BAC) - Bank of America Corp (BAC) recently hit a 52 week low at $10.40. BAC stock will have support down at $10.40 as well as $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) is back in the $240's after collapsing last week. NFLX stock will have resistance located at $250. NFLX is a buy below $220.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is testing $27 this morning in pre market. RIMM will now have support down at $25. RIMM will have resistance located at $29.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back trading near $21. INTC will have resistance located at $22. Intel remains a strong buy below $21. INTC has support down at $20 right now.
Google Inc. (GOOG) - Google Inc. (GOOG) is trading back below $500 as it continues to decline. GOOG should attract a lot of buying below $500 which is support and I don't see much downside from here.
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