Below we will be discussing BAC, RIMM, GOOG, INTC, MSFT, WFC
Bank of America Corp (BAC) - Bank of America Corp (BAC) broke down below $13 due to earnings on Friday. BAC stock will now have support down around $12.25. BAC has been called the worst financial right now and it is certainly starting to live up to that title. BAC is a buy near $12.25 with a stop at $11.99.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) failed at $55 on Friday and then had a horrible close. RIMM is a buy below $55 for the long term. RIMM will have resistance located at $57-$58.
Google Inc. (GOOG) - Google Inc. (GOOG) tanked over 8% on Friday due to higher expenses. GOOG is a buy below $520 for the long term. GOOG will have resistance located at $546 this week.
Intel Corporation (INTC) - Intel Corporation (INTC) continues to trade 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.
Microsoft Corporation (MSFT) - Microsoft Corporation (MSFT) is breaking down after hitting a high of $26.31 two weeks ago. MSFT is a buy below $23 if we were to see a sell off.
Wells Fargo & Company (WFC) - Wells Fargo & Company (WFC) is now trading below $30. WFC stock is a good buy below $30 for the long term. I expect WFC to climb back to $32-$34 at some point in 2011.
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