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Netflix Inc (NFLX) “On a long-term technical basis, the stock (NFLX) is trading below its 200-day moving average which implies it is in a negative trend.
The stock has support at 252.28 and 231.23. If the stock breaks down through support at 252.28 then it will probably continue lower to 231.23. The stock has resistance at 282.66 and at 301.55. If the stock breaks up through resistance at 282.66 then it will probably continue higher to 301.55. The 200-day moving average is at 334.53. This will also act as resistance. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 252.28 look for a rally to previous highs. The stock is slightly oversold according to the Stochastic Indicator (29.22).”
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