By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for February 24, 2011
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/24/11
Resistance Levels: $218, $230
Support Levels: $210, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) failed to make a lower low than yesterday which is bullish. Netflix Inc (NFLX) will now have resistance located at $218 as well as $225 on the upside. Netflix Inc (NFLX) is a buy below $210 for the long term. Netflix would be a strong buy below $200 which is near the 50 day moving average. Netflix made a high at $217.90 on Wednesday and should see buyers come in when the stock closes above this level. NFLX continues to be a real success story and is seeing a correction before the next move higher.
Netflix, Inc. (NFLX) Support & Resistance Levels - 2/24/11
Resistance Levels: $218, $230
Support Levels: $210, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) failed to make a lower low than yesterday which is bullish. Netflix Inc (NFLX) will now have resistance located at $218 as well as $225 on the upside. Netflix Inc (NFLX) is a buy below $210 for the long term. Netflix would be a strong buy below $200 which is near the 50 day moving average. Netflix made a high at $217.90 on Wednesday and should see buyers come in when the stock closes above this level. NFLX continues to be a real success story and is seeing a correction before the next move higher.
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