NetFlix Inc NFLX stock technical analysis for August 19, 2010Support & Resistance Levels - 8/19/10
Resistance levels: $136.54, $132.92, $129.31
Support levels:$123.71, $121.72, $118.11
Share of NFLX is hit another another 52 weeks high on Tuesday.But stock got hit because of broker downgrade today on Wednesday. Stock close under 9 day moving average.Next resistance area is $128-130.Support level is $122 which is next support area.I will go long near $110 level another trading opportunity.Short term stock was overbought but I think wait for another trading opportunity in future.I will keep on eye it.Longer term stock could see $150 stock.This is one of the hot stock in market now.
Good Luck .. Trade Smart!
For the latest updates on the stock market, visit,
http://hotstocks-blog.blogspot.com/ or Subscribe for free
