By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for February 16, 2011
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/16/11
Resistance Levels: $250
Support Levels: $227, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) stock is hovering around $240 today and made a high at 244.77. Netflix Inc (NFLX) will now have resistance located at $245 as well as $250 on the upside. Netflix Inc (NFLX) is a buy for a trade on a break above $247.55. Netflix is also a buy on a further correction back to the 50 day moving average ( currently $195.75 and rising ). When Netflix does test the 50 day moving average, I expect heavy buying action. NFLX continues to be a real success story but is pausing ahead of the next major move.
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/16/11
Resistance Levels: $250
Support Levels: $227, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) stock is hovering around $240 today and made a high at 244.77. Netflix Inc (NFLX) will now have resistance located at $245 as well as $250 on the upside. Netflix Inc (NFLX) is a buy for a trade on a break above $247.55. Netflix is also a buy on a further correction back to the 50 day moving average ( currently $195.75 and rising ). When Netflix does test the 50 day moving average, I expect heavy buying action. NFLX continues to be a real success story but is pausing ahead of the next major move.
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