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Netflix's Handle Gets (Temporarily?) Waylaid.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Ken Hoover
Netflix continued to work on a handle of a nine-week base, but the day's action wasn't exactly what the doctor ordered. The stock started off smartly higher with good volume. But the afternoon sell-off in the general market took its toll. Netflix swooned into negative territory, then recovered a bit for a small gain. It's not the action you'd like to see as the handle is formed. It's better if the volume dries up during the handle, but Netflix might work out if given a little more time.
The online subscription service offers all the DVDs you can watch for $20 a month. Last quarter, the company ...
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