Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, IR
Bank of America Corp (BAC) - Bank of America Corp (BAC) is testing the low $6's again today. BAC will have support located at $6.00 followed by $5.49 on the downside. BAC will continue to have resistance up around $6.85. Bank of America Corp (BAC) will hit resistance up in the low to mid $7's after $6.85. Keep tight stops if you are trading BAC right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) hit $107.63 on Friday morning and is seeing a bounce. NFLX stock will have resistance located at $128 now. NFLX will have support down at $100. NFLX will be a stock to watch going into earnings season this time around. I would be a buyer of NFLX below $100 for a bounce.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is flat on Friday after hitting a low at $20.55. RIMM will have support down at $20. RIMM will have resistance located at $25. 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 $22. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $19.75 right now.
Ingersoll-Rand PLC (IR) - Ingersoll-Rand PLC (IR) is down 17% after the company slashed their outlook. IR stock will have support down at $23.50.
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