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Monday, January 29, 2007 

Trade Idea NETFLIX " NFLX "

Chart courtesy of stockcharts

Shares of NFLX fell today 2.6% to 22.55$ , after Roth Capital downgraded its rating to 'sell' from 'hold'. Looking at the chart it still show weakness as the stock is trading below 50 dma and 200 dma. However with K line on top over D again we may see a improvement in stock price. MACD is above 0.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's all. Have a nice evening !!!

AC

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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