Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, STP
Bank of America Corp (BAC) - Bank of America Corp (BAC) held $5 on Tuesday and is now back to $5.40. BAC will have support located at $5.13 followed by $5.00 on the downside. 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) continues to show strength after hitting a short term bottom last week. 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) hit a new 52 week low on Tuesday 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.
Suntech Power Holdings Co. Ltd. (STP) - Suntech Power Holdings Co. Ltd. (STP) is seeing a snap back rally today after dropping below $2.00 on Monday. STP is currently up 14% to $1.94.
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