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Monday, January 24, 2011

Netflix, Inc. NFLX Stock Analysis 1/24/11

By Tim - http://stockstobuy.org

The following is Netflix, Inc. (NFLX) stock technical analysis for January 24, 2011

Netflix, Inc. (NFLX) Support & Resistance Levels - 1/24/11

Resistance Levels: $186, $198

Support Levels: $180, $173


Chart - http://www.stockcharts.com/

Netflix, Inc. (NFLX) is trading around $180 this morning as the stock continues the downtrend. Netflix Inc (NFLX) will now have resistance located at $186 and a break above that level should take NFLX back into the $190's. Netflix Inc will have support at $180 as well as $173. If Netflix closes below $180, there is a downside risk to $173. My 2011 NFLX stock prediction? Netflix will rally back above $200 at some point this year.

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