Wednesday, 15 October 2014

NFLX - Mr Market not impressed

Netflix (NFLX) earnings appeared at the close, with the stock snapping lower by around 22%. With the break of the 200dma in the $413, next support is not until the April/May floor of $310/300.


NFLX, daily


Summary

Suffice to say... earnings failed to impress the market.. with the stock violently snapping lower.

Obvious target level is the floor from $310/300 zone from April/May.