Netflix nearing new highs and breakout watch

March 13, 2013 - PRLog -- Bridgewater, MA -  came up on our screen for top breakout stocks today. NFLX over the past two months has consolidated in the 175 to 190 price area forming a flag pattern just below the 52 week high. Today the stock is approaching the breakout price of 194.01 and start of new leg higher.

Abbreviated NFLX support and resistance map:

CURRENT PRICE        193.27, at resistance, 187.8 ± 6.2, type triple, strength 10

RESISTANCE ABOVE        None.

SUPPORT BELOW        -13.1% at 167.9 ± 5.54, type single, strength 8
-47.6% at 101.4 ± 3.34, type single, strength 1

NFLX breakout details:

BREAKOUT        WATCH for possible breakout above 194.01, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 224.6, 16.2%   Stop: 181.26,   Loss: 6.2%,   Profit/Loss ratio: 2.6 : 1 - Good

Full NFLX report with stock charts and analysis here:

http://www.stockconsultant.com/consultnow/basicplus.cgi?s...


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