Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, IVN
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit resistance at $6.85 on Tuesday. 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) is trading at $130 this morning. NFLX stock will have resistance located at $135. NFLX will have support down at $125. NFLX could be getting ready to bounce here and I now feel NFLX is a strong buy below $140. I'd wait for the stock to break $138 on the upside and jump in for a trade.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is higher 5% today after speculation that Carl Icahan might be looking to buy the stock RIMM will have support down at $21.00. 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 above $22. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $19.75 right now.
Ivanhoe Mines Ltd. (IVN) - Ivanhoe Mines Ltd. (IVN) is exploding higher after Rio Tinto (RIO) increased their stake in the company. IVN is up 23% today.
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