Below we will be discussing BAC, NFLX, RIMM, INTC, NOK
Bank of America Corp (BAC) - Bank of America Corp (BAC) is rallying on Monday back into the $7.50's. BAC will have support at $6.31 for the next two weeks which was the recent low. BAC will now have resistance up at $7.71 which was the high last Monday. BAC is a risky stock right now but could surge on a break above $7.71. Dick Bove said on CNBC he's not buying stocks yet but if he was, he'd buy Bank of America. Donald Trump recently bought BAC stock as well.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is trading back in the low $240's today. NFLX stock will have resistance located at $240. NFLX will have support down at $220. At this point, I would not be a buyer unless NFLX drops below $220.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) hit $26 on Monday after Google Inc. (GOOG) bought MMI. RIMM will have support down at $24. RIMM will have resistance located at $30. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is now back testing $21. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.50 right now.
Nokia Corporation (NOK) - Nokia Corporation (NOK) was up big on Monday on the Google (GOOG) acquisition of Motorola Mobility (MMI). NOK and now a viable takeover target from Microsoft Corp (MSFT).
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