Below we will be doing technical analysis on BAC, LULU , RIMM, INTC, AA
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.
Lululemon Athletica Inc. (LULU) - Lululemon Athletica Inc. (LULU) continues to see strong insider selling from plenty of insiders. LULU stock dropped from $62 to $42 and is now back trading around $55. LULU is a strong buy below $40 if we see another correction.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) rallied back to $25 on Tuesday. 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 near $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) is getting set to report earnings tonight. Alcoa Inc. (AA) is expected to report $0.22 per share but $0.20 is more likely. AA stock is back above $10 and could head back into the $11's if they report a strong number.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
