Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, FTNT
Bank of America Corp (BAC) - Bank of America Corp (BAC) is running up against resistance on Tuesday. 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) is back above $23.50 on Tuesday. 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 Tuesday. 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) stock crashed after reporting earnings. NFLX will now have support located around $70. Netflix Inc. (NFLX) will have resistance located at $88 as well as $100. NFLX is a buy at $60 or below.
Fortinet Inc. (FTNT) - Fortinet Inc. (FTNT) reported solid earnings on Monday which is causing a nice spike today. FTNT will have resistance up at $24.
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