By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for February 15, 2011
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/15/11
Resistance Levels: $250
Support Levels: $220, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) is lower today on a downgrade out of Morgan Stanley. Netflix Inc (NFLX) will now have resistance located at $250 and is getting overbought now. Netflix Inc (NFLX) is a short on the next break through the low of the day. Netflix will eventually retest the 50 day moving average which is currently below $200 and rising. When Netflix does test the 50 day moving average, the stock becomes a buy. NFLX continues to be a real success story but has gotten ahead of itself.
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/15/11
Resistance Levels: $250
Support Levels: $220, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) is lower today on a downgrade out of Morgan Stanley. Netflix Inc (NFLX) will now have resistance located at $250 and is getting overbought now. Netflix Inc (NFLX) is a short on the next break through the low of the day. Netflix will eventually retest the 50 day moving average which is currently below $200 and rising. When Netflix does test the 50 day moving average, the stock becomes a buy. NFLX continues to be a real success story but has gotten ahead of itself.
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