Netflix, Inc. (NFLX) Stock Alert - High of Day

By Tim - http://stocksotbuy.org

Shares of Netflix, Inc. (NFLX) just ripped through $130 and the high of the day. Netflix has been down over the past few days due to the stock being oversold and on several downgrades.

Netflix was downgraded this week to Underperform at Morgan Keegan while UBS remains cautious on the stock.

Levels to watch on Netflix are $140-$141 on the upside and $125 on the downside. If Netflix breaks back below $125, I think it can go back under $120.

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