Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, EK
Bank of America Corp (BAC) - Bank of America Corp (BAC) is trading around $6.10 on Monday. BAC will have support located at $6.00 followed by $5.49 on the downside. BAC will continue to have resistance up around $6.85. Bank of America Corp (BAC) will hit resistance up in the low to mid $7's after $6.85. Keep tight stops if you are trading BAC right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is popping back to $120 on Monday. NFLX stock will have resistance located at $128 now. NFLX will have support down at $100. NFLX will be a stock to watch going into earnings season this time around. I would be a buyer of NFLX below $100 for a bounce.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) hit a new 52 week low of Monday before bouncing. RIMM will have support down at $20. 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 trading back below $22. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $19.75 right now.
Eastman Kodak Co. (EK) - Eastman Kodak Co. (EK) is rallying 60% today as the company is pushing back hard. EK was founded in 1892 and holds a lot of valuable patents. So while people aren't buying that much film, the company itself still has value due to the patents. EK stock is currently trading at $1.36.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
