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Tuesday, February 21, 2012

NFLX Supports

I was lucky to have sold NFLX on the morning gap. Midday news from Verizon caused some selloff.  The uptrend line was already broken and backtested by now.  The next support is the Fib 23.4 at 117, which also happens to be the 20 day EMA.  If this doesn't hold. The gap support at 112 would be next.

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