Netflix (NFLX -9.2%) gets crushed on news of Amazon's (AMZN) deal with Epix. Since the expiration of the Starz deal, Epix has been Netflix's top source for popular movies. And while the loss of Epix exclusivity was expected, the fact Netflix's top rival now has access to Epix's library is stoking fears the company won't be able to stand out. At $79/year (bundled with Prime shipping), Amazon's Prime Instant Video is cheaper than Netflix on an annual basis, but doesn't offer a monthly option.
NFLX has resistance level is $60 and support level is $52.
NFLX has resistance level is $60 and support level is $52.
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