Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, ORCL
Bank of America Corp (BAC) - Bank of America Corp (BAC) is testing the $6.80 level this morning. BAC will have support located at $6.80 on the downside. BAC will now have resistance up around $7.75. BAC may 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) hit $128 Wednesday morning. NFLX stock will have resistance located at $137. 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 $137 on the upside and jump in for a trade.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) was down 3% on Wednesday. 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.
Oracle Corp (ORCL) - Oracle Corp (ORCL) is on fire after reporting earnings Tuesday night. ORCL is now a buy below $28 if we see another pullback.
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