Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, PEIX
Bank of America Corp (BAC) - Bank of America Corp (BAC) appears to have finally bottomed now. BAC will have support located at $6.20 followed by $6.03. BAC will have resistance located at $6.86 as well as $7.39. Bank of America Corp (BAC) is a sell above $8 for the rest of 2011. Keep tight stops if you are trading BAC right now.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to trade in the mid to low $20's. 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) recently reported blow out earnings. INTC will have resistance located at $25 as well as $27. Intel is a strong buy below $22. INTC has support down at $23.
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.
Pacific Ethanol, Inc. (PEIX) - Pacific Ethanol, Inc. (PEIX) is a penny stock worth watching. 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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