Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, BDCO
Bank of America Corp (BAC) - Bank of America Corp (BAC) dropped to $6.04 in early trading today. BAC will have support located at $6.00 followed by $5.51. BAC will now have resistance up at $6.85. Bank of America Corp (BAC) should be sold above $7 for the rest of the year. Keep tight stops if you are trading BAC right now.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) is down about 5% today. 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 flat on Monday. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $21 right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is showing some strength today. I bought NFLX stock last week around $116 and plan to add more above $122. Netflix Inc. (NFLX) will report earnings next Monday after the close of trading.
Blue Dolphin Energy Company (BDCO) - Blue Dolphin Energy Company (BDCO) is soaring today on the natural gas pipelines news. However, as soon as the news fads, BDCO will be back on It's way to bankruptcy so be careful out there.
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