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Friday, July 6, 2012

NetFlix Inc NFLX Stock Analysis July 6, 2012

The following is NetFlix Inc (NFLX)  stock technical analysis for  July 6, 2012   
 

NetFlix Inc NFLX  Resistance, pivot & Support Levels – 7/6/2012

Resistance levels: $91.63, $86.76, $83.99

Pivot point: $79.12

Support levels:$76.33, $71.48, $68.71




Netflix Inc (NFLX) will have resistance located at $85 and support area $79 for short term.Netflix Inc is a buy on pullbacks below $75 any market correction.The sudden rise in Neflix (NFLX +13.5%), up over 19% for the week, is starting to look overdone to a horde of skeptics. The question of the day on NFLX: Does an anecdotal Facebook post about streaming hours translate into paid subscriber growth  
  
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