Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, LEAP
Bank of America Corp (BAC) - Bank of America Corp (BAC) bounced off $6.30 on Tuesday. BAC will have support located at $6.30 followed by $6.00. BAC will have resistance located at $6.86. Bank of America Corp (BAC) is a sell above $8 for the rest of 2011. Keep tight stops if you are trading BAC right now.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) bounced off $19 on Tuesday morning. RIMM will have support down at $19.00 for tomorrow. RIMM will have resistance located at $21. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) recently reported blow out earnings. INTC will have resistance located at $25.03 as well as $27. Intel is a strong buy below $22. INTC has support down at $23.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) stock is back trading below $80. NFLX will now have support located around $77. Netflix Inc. (NFLX) will have resistance located at $84 as well as $88. NFLX is a buy on a close above $91.
Leap Wireless International Inc. (LEAP) - Leap Wireless International Inc. (LEAP) stock is surging 18% today to $8.22. LEAP reported better than expected earnings and Wall St is embracing the stock on a down day. LEAP will now support located at $7.31 going forward.
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