Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, PEIX
Bank of America Corp (BAC) - Bank of America Corp (BAC) stock is trading down in the mid $7's this morning as the Government is getting ready to sue some of the banks. 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) tanked Friday after Starz will not renew their contract. 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 trading at $31 this morning. RIMM will have support down at $27. RIMM will have resistance located at $35. 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.
Pacific Ethanol, Inc. (PEIX) - Pacific Ethanol, Inc. (PEIX) is jumping today after the company released news on their debt obligations. PEIX stock will hit resistance at $0.54 as well as $0.66.
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