By Tim - http://stockstobuy.org
The following is Netflix, Inc. (NFLX) stock technical analysis for March 1, 2011
Netflix, Inc. (NFLX) Support & Resistance Levels - 3/1/11
Resistance Levels: $207.50, $218, $230
Support Levels: $210, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) continues to hold $200 on the downside but if broken, we could see a plunge down into the $190's. Netflix Inc (NFLX) will now have resistance located at $207.50 as well as $218 on the upside. I bought a half position in Netflix Inc (NFLX) this morning and plan to add below $200. Netflix is a strong buy below $200 which is below the 200 day moving average. Netflix made a high Tuesday at $207.46 and this now becomes resistance. NFLX continues to be a real success story and is seeing a correction before the next move higher.
Netflix, Inc. (NFLX) Support & Resistance Levels - 3/1/11
Resistance Levels: $207.50, $218, $230
Support Levels: $210, $200
Chart - http://www.stockcharts.com/
Netflix, Inc. (NFLX) continues to hold $200 on the downside but if broken, we could see a plunge down into the $190's. Netflix Inc (NFLX) will now have resistance located at $207.50 as well as $218 on the upside. I bought a half position in Netflix Inc (NFLX) this morning and plan to add below $200. Netflix is a strong buy below $200 which is below the 200 day moving average. Netflix made a high Tuesday at $207.46 and this now becomes resistance. NFLX continues to be a real success story and is seeing a correction before the next move higher.
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