Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, CMG
Bank of America Corp (BAC) - Bank of America Corp (BAC) is back up in the mid $6's after dropping hard yesterday. BAC will have support located at $6.03 followed by $5.70. BAC will continue to have resistance up at $6.85. Bank of America Corp (BAC) should be sold above $8 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) failed at $23 so far on Friday. RIMM will have support down at $22. 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 back trading above $24 on Friday. INTC will have resistance located at $25. Intel is a strong buy below $22. INTC has support down at $21 right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) rallied back to $115 on Friday. NFLX is set to report earnings on Monday after the close. Netflix Inc. (NFLX) will have support at $106 and resistance at $122.
Chipotle Mexican Grill, Inc. (CMG) - Chipotle Mexican Grill, Inc. (CMG) reported better than expected earnings on Thursday and is popping on Friday. CMG stock will hit resistance around $330.
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