Below we will be doing technical analysis on BAC, RIMM, INTC, AA, MS
Bank of America Corp (BAC) - Bank of America Corp (BAC) is now back testing $6.50. 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) now seems to be failing around $25. 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) is trading back above $23 today . 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) reported horrible earnings last night but the stock isn't doing much. Alcoa Inc. (AA) will now have support at $9.73 and $9.50. AA stock will have resistance around $10.35.
Morgan Stanley (MS) - Morgan Stanley (MS) continues to rally hard off the lows. MS will now have support around $11.58. If MS would break this key support level, I think we could see $8 or lower.
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