Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, LULU
Bank of America Corp (BAC) - Bank of America Corp (BAC) is back trading below $7. BAC will have support located at $6.80 on the downside. BAC will now have resistance up around $7.75. BAC could have finally bottomed as the stock is putting in higher lows. Bank of America Corp (BAC) is a buy below $7.00.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) closed below $204 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) was downgraded on Friday and closed below $30. 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 $20. INTC has support down at $19.00 right now.
Lululemon Athletica Inc. (LULU) - Lululemon Athletica Inc. (LULU) dropped hard last week after the company reported earnings. LULU will have resistance located up at $60
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