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Tuesday, March 15, 2011

Netflix, Inc. NFLX Stock Analysis 3/15/11

By Tim - http://stockstobuy.org

The following is Netflix, Inc. (NFLX) stock technical analysis for March 15, 2011

Netflix, Inc. (NFLX) Support & Resistance Levels - 3/15/11

Resistance Levels: $218, $230

Support Levels: $204, $200

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

Netflix, Inc. (NFLX) was upgraded at Goldman today which is causing the stock to really pop. Netflix Inc (NFLX) will now have resistance located at $218 on the upside. Netflix Inc (NFLX) has major support around $200-$204 on the downside. Netflix is a strong buy below $200 which is below the 200 day moving average. Netflix made a key bottom below $190 last week that should hold in the short term. NFLX continues to be a real success story and could be ready to reach new highs.

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