By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for October 6, 2010
Netflix, Inc. (NFLX) Support & Resistance Levels - 10/6/10
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) Support & Resistance Levels - 10/6/10
Resistance Levels: $158.75
Support Levels: $150, $145, $140
Support Levels: $150, $145, $140
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) is breaking down today but could manage to hold $150 on a closing basis. Netflix stock has gone parabolic over the past month and now you are seeing the end result with this sell off. Netflix has major support down in the $140-$145 area so this would probably be a great buy for a bounce trade if the stock trades there. Netflix has made a top in the $170's which will now be hard to break.
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