By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for December 6, 2010
Netflix, Inc. (NFLX) Support & Resistance Levels - 12/6/10
Netflix, Inc. (NFLX) Support & Resistance Levels - 12/6/10
Netflix, Inc. (NFLX) bounced near the $185 level and is now rallying back to the 10 day moving average. Netflix Inc will have support at $185 going forward but will take another leg down if $184 is closed below. Netflix will now have resistance located at $193 as well as $200. If you are looking to play Netflix from the short side, short NFLX stock on breaks down through the low of the day. Netflix Inc. is a strong buy below $170 and will continue to be a powerhouse in 2011.
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