Below we will be doing technical analysis on BAC, RIMM, INTC, AA, SHZ
Bank of America Corp (BAC) - Bank of America Corp (BAC) continues to trade horrible going into earnings next week. 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) was flat on Friday. 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) was also flat on Friday . 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) continues to trade in a tight range since reporting earnings. Alcoa Inc. (AA) will now have support at $9.73 and $9.50. AA stock will have resistance around $10.50.
China Shen Zhou Mining & Resources, Inc. (SHZ) - China Shen Zhou Mining & Resources, Inc. (SHZ) is breaking out to the upside today. SHZ failed at $2.00 so a break above this level would be bullish. SHZ also has resistance located at $2.09 which is the 50 day moving average.
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