Charts of the Day: Fifth Third, Netflix, RIM

Stockpickr user Peter_near_Matanzas_Inlet submitted Netflix(NFLX), the subscription service company that streams movies and television episodes over the Internet and sends customers DVDs by mail. The chart for Netflix looks very bullish, to say the least. You can see that Netflix hasn't even lost the 50-day moving average, and the stock is still well within its uptrend channel that started back in February when Netflix broke out.

The stock has found some support in the near term at $90 a share and now looks ready to test some previous near-term resistance at around $108 to $110. This is a strong stock in a weak market, or at least a weak market of late, and this is clearly demonstrated by how the stock never broke any of its major moving averages as the overall market dropped for the last month.

To see some more technical analysis on stocks such as BP(BP), Verizon Communications(VZ), Goldman Sachs Group(GS) and Psychiatric Solutions(PSYS), check out the Charts of the Week portfolio on Stockpickr.

Also, if you're interested in having a chart analysis done on a stock you own or are considering buying or selling, visit this forum and submit your tickers!

-- Written by Roberto Pedone in Windermere, Fla.

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