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Saturday, October 15, 2011

Netflix, Inc. (NFLX) Stock Analysis 10/15/11

By Tim - http://stockstobuy.org

The following is technical analysis for Netflix, Inc. (NFLX) - October 15, 2011

Netflix, Inc. (NFLX) Support & Resistance Levels - 10/15/11

Resistance Levels: $125, $128

Support Levels: $114

Chart - http://www.stockcharts.com

Netflix, Inc. (NFLX) topped out at $122 in Friday and then dropped below $115. NFLX will have support at $114 followed by $111.25. On Thursday, I bought NFLX at $116.22 and will be using a tight stop at $111.25. I plan to add more NFLX stock on a break above $122 and $128. NFLX has hit bottom in my opinion near $103.


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