Below we will be doing technical analysis on BAC, RIMM, INTC, AA, USU
Bank of America Corp (BAC) - Bank of America Corp (BAC) continues to hold $6 going into earnings next week. BAC will have support located at $6.00 followed by $5.51. BAC will now have resistance up at $6.85. Bank of America Corp (BAC) should be sold above $7 for the rest of the year. Keep tight stops if you are trading BAC right now.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) was flat on Friday. RIMM will have support down at $21.21. 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) was also flat on Friday. INTC will have resistance located at $24. Intel remains a strong buy below $20. INTC has support down at $21 right now.
Alcoa Inc. (AA) - Alcoa Inc. (AA) hit $10.42 on Friday but then pulled back. Alcoa Inc. (AA) will now have support at $9.73 and $9.50. AA stock will have resistance around $10.50.
USEC Inc. (USU) - USEC Inc. (USU) stock soared over 50% Friday as Uranium stocks bounce back. USU will have resistance up at $2.12 on Monday.
For more updates on the stock market, visit http://daytradingstockblog.blogspot.com
