Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, VRUS
Bank of America Corp (BAC) - Bank of America Corp (BAC) stock is trading in the $6.80's on Tuesday morning. BAC will have support located at $6.30 on the downside. BAC will now have resistance up around $7.25. BAC will have support down around $6.30. Bank of America Corp (BAC) is a buy below $7.00.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is trading in the green this morning as the stock is seeing a minor bounce. 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) is back below $30 on Tuesday. 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.
Pharmasset, Inc. (VRUS) - Pharmasset, Inc. (VRUS) is surging due to Hep C news. VRUS will hit resistance up at $70.
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