Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, PEIX
Bank of America Corp (BAC) - Bank of America Corp (BAC) closed at $6.46 on Friday. 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) closed below $23 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) stock surged 5% 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.
Pacific Ethanol, Inc. (PEIX) - Pacific Ethanol, Inc. (PEIX) jumped 6% on Friday and should now be watched. PEIX will have resistance around $0.34 as well as $0.36. If Pacific Ethanol, Inc. (PEIX) breaks up through $0.36, I think you could catch a 7-10% gain.
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