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Tuesday, October 26, 2010

Netflix, Inc. NFLX Stock Analysis 10/26/10

By Tim - http://stockstobuy.org

The following is Netflix, Inc. (NFLX) stock technical analysis for October 26, 2010

Netflix, Inc. (NFLX) Support & Resistance Levels - 10/26/10

Resistance Levels: $180, $200

Support Levels: $175, $167, $155

Shares of Netflix, Inc. hit a new 52 week high on Tuesday and proved me wrong again. Netflix Inc does not have any major resistance until $200 so we could see this stock slowly trade up there over the next 3 months. We can also trade Netflix from the short side as well. Wait for Netflix to break the low of the day and then short the stock for a quick trade.

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