Tuesday, 8 September 2015

NFLX - falling despite the broader market

Despite the main market closing with very significant gains, Netflix (NFLX), settled -4.0% @ $94.88 (intra low 93.55). Regardless of any upside into mid Sept', the door is wide open to the 75/70 price gap zone. From there, upside into year end.

NFLX, daily


Little to add.

Today's performance in NFLX was notably lousy considering the main market.

Broadly, NFLX looks headed to the mid/low 70s in October.. which would sync up with the sp'1800s.. or even lower.

*I would consider going long-NFLX in the 75/70 zone in Oct', although generally, I refrain from such momo stocks.