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Web based stock technical analysis tools since 1999. Specializing in breakout and momentum stock ideas. Articles are opinions only and NOT investment advice.
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  • Netflix Inc (NFLX) The Next Leg Higher 0 comments
    Aug 22, 2013 8:00 AM | about stocks: NFLX

    $NFLX (Netflix Inc) may be starting another leg higher, watch for breakout above 273.28 with a of target 309.4 (+14.4%).

    Breakout Details

    BREAKOUT WATCH for possible breakout above 273.28, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 309.4, 14.4% Stop: 258.8, Loss: 4.3%, Profit/Loss ratio: 3.4 : 1 - Excellent

    Support and Resistance

    CURRENT PRICE 270.37, at resistance, 265.6 ± 7.7, type double, strength 6
    RESISTANCE ABOVE None.

    SUPPORT BELOW -9.6% at 244.4 ± 7.09, type triple, strength 10
    -16.5% at 225.8 ± 6.55, type triple, strength 5

    NFLX Chart

    (click to enlarge)NFLX breakout stock chart provided by http://www.stockconsultant.com

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=NFLX

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