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NFLX Tumbles Like A House Of Cards

|Includes: Netflix, Inc. (NFLX)

Leading streaming movies and TV content provider Netflix Inc (NASDAQ:NFLX) is declining sharply today. It seems the stock is falling after a federal appeals court struck down the FCC's Open Internet Order which had prevented Internet Service Providers from charging Internet content providers fees. The stock was immediately downgraded by Wedbush. Short term day traders can watch the $305.15 level for intra-day support. This is just a day trading level and not a long term support area.

Nicholas Santiago