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Wednesday, March 30, 2011

Netflix, Inc. NFLX Stock Analysis 3/30/11

By Tim - http://stockstobuy.org

The following is Netflix, Inc. (NFLX) stock technical analysis for March 30, 2011

Netflix, Inc. (NFLX) Support & Resistance Levels - 3/30/11

Resistance Levels: $245

Support Levels: $209, $200

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

Netflix, Inc. (NFLX) continues to hit resistance around $245. Netflix Inc (NFLX) has some resistance right here at $240 as well as $245. Netflix Inc (NFLX) has heavy support at $220 now but if that fails, we could get a retest of $215. Netflix is a strong buy below $209 which is below the 10 & 50 day moving averages. Netflix Inc. (NFLX) continues to be a real success story and could be ready to reach new highs.

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