Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, MGM
Bank of America Corp (BAC) - Bank of America Corp (BAC) stock is trading around $7.00 today. 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) stock is holding $130 so far on Tuesday. NFLX stock will have resistance located at $144. NFLX will have support down at $125. NFLX should see a bounce at some point. I now feel NFLX is a strong buy below $140, wait for the stock to break $137 on the upside and jump in for a trade.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) was down 3% on Tuesday. RIMM will have support down at $21.60. 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 $22.50. Intel remains a strong buy below $20. INTC has support down at $19.75 right now.
MGM Resorts International (MGM) - MGM Resorts International (MGM) is up on an upgrade today. MGM will have resistance located at $12.08.
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