Below we will be doing technical analysis on BAC, RIMM, INTC, NFLX, ALJ
Bank of America Corp (BAC) - Bank of America Corp (BAC) closed below $6.50 on Friday. BAC will have support located at $6.50 followed by $6.30. BAC will have resistance located at $7.00 now. 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 nicely on Friday. RIMM will have support down at $17. RIMM will have resistance located at $19.67. 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 $24.07 as well as $27. Intel is a strong buy below $22. INTC has support down at $23.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) stock managed to close back above $90 on Friday. NFLX will now have support located around $87.75. Netflix Inc. (NFLX) will have resistance located at $91 as well as $92.89. NFLX is a buy below $80..
Alon USA Energy, Inc. (ALJ) - Alon USA Energy, Inc. (ALJ) stock surged nearly 50% on Friday after the company made some changes to their refinery. ALJ closed near the high and will be one of my top stocks to watch heading into next week. Alon USA Energy, Inc. (ALJ) will have support located at $10.50.
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