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Thursday, September 23, 2010

Netflix, Inc. NFLX Stock Analysis 9/23/10

By Tim -

The following is Netflix, Inc. (NFLX) stock technical analysis for September 23, 2010

Netflix, Inc. (NFLX) Support & Resistance Levels - 9/23/10

Resistance Levels: $160

Support Levels: $146, $140

Netflix, Inc. (NFLX) stock hit a new 52 week high on Wednesday and was one of Jim Cramer's top stock picks on Mad Money last night. Cramer says Netflix Inc. stock should be much higher then current levels. I have been trading Netflix from the short side over the past two weeks and while it has been profitable, the stock will clearer see higher prices because of Cramer's call. Netflix has solid support down at $140 which should continue to hold going forward.

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