By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for September 30, 2010
Netflix, Inc. (NFLX) Support & Resistance Levels - 9/30/10
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) Support & Resistance Levels - 9/30/10
Resistance Levels: $167, $175
Support Levels: $158, $140
Support Levels: $158, $140
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) hit a new 52 week high this morning but then fell off a cliff. Netflix Inc can be traded both sides by buying the stock through the high of the day or shorting it through the low of the day. Netflix has a new level of support located at $158 which has held twice in the past week. Netflix is priced for perfection so any bad new or earnings miss could cause a decline of 10-20% easily.
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