Netfix Crosses $120 For The First Time Since August 20 And Retreats

Netflix Inc.

shares are trading higher by $2.34 at $119.44 in Wednesday's session. It is trading higher for the third day in a row since ending last Friday's session at $103.65. After a higher open, it retreated $2 from early morning high to $116.10 before turning higher. The ensuing rally took the issue to $120,.85. That marks the first time it has traded over $120 since August 20 when it peaked at $121.45. Two days later it bottomed at $85.50 during the Flash Crash. Since making the high, it has fallen back under $120 and is attempting to find support in the mid $119 handle.

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