Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, HEV
Bank of America Corp (BAC) - Bank of America Corp (BAC) bounced off the $5.51 morning low and is back in the $5.70's. BAC will have support located at $5.51 followed by $5.13. BAC will now have resistance up around $6.20. Bank of America Corp (BAC) will hit resistance at $6.85 after $6.20. Keep tight stops if you are trading BAC right now.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) is flat on Wednesday. NFLX stock will have resistance located at $120 & $128. 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) jumped 13% Wednesday takeover chatter. 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) is trading back below $22. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $21 right now.
Ener1, Inc. (HEV) - Ener1, Inc. (HEV) is surging again after the stock has been trashed over the past 4 months. HEV will hit resistance at $0.33 as well as $0.40. HEV is a buy for a trade on a break above $0.40.
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