Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, SVM
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit $6.60 on early trading on Monday. 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 on Monday. 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 Monday. 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) hit $120.28 at the open on Monday. NFLX is set to report earnings on today after the close. Netflix Inc. (NFLX) will have support at $106 and resistance at $122. NFLX stock is a buy on any major pullback.
Silvercorp Metals Inc. (SVM) - Silvercorp Metals Inc. (SVM) stock broke through two major moving averages this morning. SVM will not have any major resistance until $10.64.
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