Below we will be doing technical analysis on BAC, NFLX, RIMM, INTC, GENE
Bank of America Corp (BAC) - Bank of America Corp (BAC) is trading in the $8.20's on Wednesday. BAC will have support located at $7.75 on the downside. BAC will now have resistance up around $8.80. BAC is a buy below $7.00. Bank of America Corp (BAC) is a buy below $7.00 if we would see another pullback.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) stock is back up at $240 on Wednesday. NFLX stock will have resistance located at $242. NFLX will have support down at $230. NFLX is a light buy below $210. If NFLX dropped below $200, the stock becomes a strong buy.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to trade back above $30. RIMM will have support down at $27. RIMM will have resistance located at $35. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is trading back above $20. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.00 right now.
Genetic Technologies Ltd. (GENE) - Genetic Technologies Ltd. (GENE) is exploding 17% Wednesday back above all three major moving averages. GENE will have support at $6.84 and resistance located at $8.10.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
