Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, ORS
Bank of America Corp (BAC) - Bank of America Corp (BAC) is on fire today after reporting earnings earlier. BAC will have support located at $6.00 followed by $5.59. BAC will now 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 higherby about 1% 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) was trading flat on Tuesday. 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 back down testing the recent $111.25 low. 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. Support is located at $111.25.
Orsus Xelent Technologies Inc. (ORS) - Orsus Xelent Technologies Inc. (ORS) is trading above It's 200 day moving average today. ORS will have resistance up around $2.70.
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