Monday 16 March 2015

NFLX - rough start to the week

Whilst the broader market built significant gains across the day, Netflix (NFLX) was under pressure due to an institutional downgrade, settling -3.7% @ $422.10. Next support is $390.. and then $350.


NFLX, daily



Summary

*the momo stocks can be interesting to keep an eye on... but I generally leave them well alone.
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Netflix remains broadly weak from the late Feb' high of $486.50... there looks to be 'reasonable' downside to the 390s.. or 350s within the near term.
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