By Tim - http://stockstobuy.orgThe following is technical analysis for Netflix, Inc. (NFLX) - October 13, 2011
Netflix, Inc. (NFLX) Support & Resistance Levels - 10/13/11
Resistance Levels: $117, $125, $128
Support Levels: $100, $80
Chart - http://www.stockcharts.com
Netflix, Inc. (NFLX) Support & Resistance Levels - 10/13/11
Resistance Levels: $117, $125, $128
Support Levels: $100, $80
Chart - http://www.stockcharts.com
Netflix, Inc. (NFLX) is down a tad in pre market due to a price cut at BMO. NFLX will have support at $100 followed by $80. If NFLX drops below $100, expect a ton of stop loss orders to be triggered and the stock to drop like a rock. However, I feel below $100 is a good buying opportunity. I plan to buy Netflix, Inc. (NFLX) if the stock drops below $100 but would get aggressive near $80 or below. NFLX will have resistance around $117 as well as $128.
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