NetFlix Inc NFLX Resistance, pivot & Support Levels – 1/26/2012
Resistance levels: $129.53, $1119.84, $114.92
Pivot point: $105.23
Support levels:$100.31, $90.62, $85.82
Netflix (NFLX) shares are upgraded to Buy at Citigroup following better-than-expected Q4 results, with a target price raised to $130 from $80. The firm cites signs of stabilization, including growth of streaming subscribers, improved streaming profitability, and surveys indicating "at-least stabilization in Netflix customer satisfaction with no competitive erosion." NFLX +19.4% premarketNetflix, Inc. (NFLX) is trading at $114 in pre market trading because of good earning news. Netflix Inc (NFLX) will have resistance located at $115-$120 going forward. Netflix Inc (NFLX) is a buy below $95.Netflix Inc (NFLX) will have support area $90 for short term.Netflix Inc is a buy on pullbacks below $90 any market correction.
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