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Netflix shares are being "squeezed," and they look ready to resolve to the upside.
Amazon is reportedly negotiating royalty rates with major music labels for a streaming service that will cost $9.99 per month.
Few doubt the appeal of the streaming giant's original content, but depending on whom you ask, Netflix shares are either worth $80 a share or $130.
Netflix (NFLX) coverage was initiated at Axiom with a 'sell' rating this morning as a result of rising content costs and subscriber growth concerns.