Technical Trading Levels For Netflix

Heading into the Q4 earnings release for Netflix, Inc. NFLX, trader Christian Tharp gave his thoughts on technical levels.

“NFLX has a general support in the $315-20 area that dates back to the beginning of 2014,” according to Tharp.

“Earnings could be the catalyst that causes the stock to break that support,” which Tharp indicated “should then lead to another leg lower."

Ahead of the earnings announcement, Netflix, Inc. traded at $343.50 Tuesday afternoon, up 1.83 percent.