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Tuesday, January 10, 2012

BofA/Merrill Lynch Downgrades Netflix (NFLX) to Underperform -1/10/12

The following is NetFlix Inc (NFLX)  stock technical analysis for  January 10, 2012   
NetFlix Inc NFLX  Resistance, pivot & Support Levels – 1/10/2012


Resistance levels: $115.35, $107.50, $102.84

Pivot point: $94.94

Support levels:$90.33, $82.48, $77.82




BofA/Merrill Lynch downgraded Netflix (NASDAQ: NFLX) from Neutral to Underperform. With shares up ~40% year-to-date this rating change could have an impact on the stock.Shares of Netflix closed at $98.18 yesterday, with a 52 week range of $62.37-$304.79. Netflix, Inc. (NFLX) is trading at $98 today which biggest gain of the year and stock up almost 30 points in last  4 days. Netflix Inc (NFLX) will have resistance located at $100 going forward. But I i will take profit from here  because stock up too fast. Netflix Inc (NFLX) is a buy below $75.Netflix Inc (NFLX) will have  support area $90 for short term.Netflix Inc is a buy on pullbacks below $75 any market correction.  
  
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