Below we will be doing technical analysis on BAC, RIMM, INTC, AA, GOOG
Bank of America Corp (BAC) - Bank of America Corp (BAC) is down almost 6% today after JP Morgan reported earnings. BAC will have support located at $5.51 followed by $5.13. BAC will now have resistance up at $6.85. Bank of America Corp (BAC) will hit resistance at $7.20 after $6.85. Keep tight stops if you are trading BAC right now.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is tanking due to the Blackberry outage. RIMM will have support down at $21.21. 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) continues to be very strong ahead of earnings . INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $21 right now.
Alcoa Inc. (AA) - Alcoa Inc. (AA) is holding the $9.73 low from Wednesday which is viewed as bullish. Alcoa Inc. (AA) will now have support at $9.73 and $9.50. AA stock will have resistance around $10.35.
Google Inc. (GOOG) - Google Inc. (GOOG) stock is trading higher as the company gets ready to report earnings tonight. Analysts expect GOOG to report earnings of $8.74 on revenue of 7.21 Billion. Google (GOOG) should stop wasting money on projects like Google+ and focus on search and advertising. GOOG is a strong buy below $480.
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