Below we will be discussing AAPL, BAC, CSCO, INTC, NVDA, RIMM
Apple Inc. (AAPL) - Apple Inc. (AAPL) traded between $327-$330 in pre market and is now basing around support. AAPL is continuing the recent downtrend and could be getting ready to take a new leg lower. AAPL will have resistance on the upside located around $338-$340. Apple Inc has support at $330 as well as $326. Apple Inc. (AAPL) will become volatile on a break below $326.
Bank of America Corp (BAC) - Bank of America Corp (BAC) was lower on Tuesday. The financials are now continuing their downtrends and BAC stock failed in the high $13's. BAC has been called the worst financial right now but as long as the stock remains above $13, I like it.
Intel Corporation (INTC) - Intel Corporation (INTC) is back below $20. INTC will have resistance located at $20 followed by $21. Intel remains a strong buy below $21. Intel has support down at $19 this week.
Cisco Systems Inc. (CSCO) - Cisco Systems Inc. (CSCO) continues to drop after a short squeeze last week. CSCO is a buy down here for the long term and I think once the CEO hints at a positive forecast, the stock will shine again. CSCO is trading in the $17's for a reason, Wall St hates it right now.
NVIDIA Corporation (NVDA) - NVIDIA Corporation (NVDA) broke down through $17 on Tuesday . NVDA will now have support at $16.05.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) fell back below $54 on Tuesday. RIMM is a buy below $55 for the long term. RIMM will have resistance located at $57.
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