Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, CIIC
Bank of America Corp (BAC) - Bank of America Corp (BAC) closed near the lows of the day on Friday which doesn't bode well for next week. BAC will have support located at $7.00 on the downside. BAC will now have resistance up around $8.20. BAC will have support down around $6.40. Bank of America Corp (BAC) is a buy below $7.00.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) closed at $213 on Friday. NFLX stock will have resistance located at $220. NFLX will have support down at $200. NFLX is a light buy below $210. If NFLX dropped below $200, the stock becomes a strong buy.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) closed at $30 on Friday. RIMM will have support down at $27. RIMM will have resistance located at $33. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is trading back below $20. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.00 right now.
China Infrastructure Investment Corp. (CIIC) - China Infrastructure Investment Corp. (CIIC) hit another 52 week high on Friday and surged above $1.00. CIIC was on the stocks to watch list for September and should have a good week ahead.
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