Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, CXM
Bank of America Corp (BAC) - Bank of America Corp (BAC) is up 4% on Monday. BAC will have support located at $5.51 followed by $5.13. BAC will now have resistance up around $6.33. Bank of America Corp (BAC) will hit resistance at $6.85 after $6.33. Keep tight stops if you are trading BAC right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is rallying today after the company decided to ditch Qwikster.com. NFLX stock will have resistance located at $128. NFLX will have support down at $100. NFLX will be a stock to watch going into earnings season this time around. I would be a buyer of NFLX below $100 for a bounce.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) rallied 2% on Monday. 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.
Cardium Therapeutics Inc. (CXM) - Cardium Therapeutics Inc. (CXM) is higher today after the company announced 501K approval. CXM will have resistance up at $0.40 as well as $0.54.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
