Market Overview

Double Top Alert: Netflix

Share:

Netflix, Inc. (NASDAQ: NFLX) is quickly approaching the $300 level. The all time high for Netflix hit in 2011 was $304.79.  This represents a perfect double top and a major shorting area. I will be locked and loaded if the stock trades into and just above that level. Cheers!



Gareth Soloway

InTheMoneyStocks.com



The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas

 

Related Articles (NFLX)

View Comments and Join the Discussion!