Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, LVLT
Bank of America Corp (BAC) - Bank of America Corp (BAC) has made higher lows for three straight days now. 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 back testing the $125 area. NFLX stock will have resistance located at $125 & $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) is trading back around $24. 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.
Level 3 Communications Inc. (LVLT) - Level 3 Communications Inc. (LVLT) is surging today after the company completed the Global Crossings deal on Wednesday. LVLT appears to be breaking out and will have resistance located at $1.85.
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