Tuesday, 1 September 2015

NFLX - whacked lower with the main market

With US equities significantly lower, Netflix (NFLX) saw particularly severe falls, settling -8.0% @ $105.85 (intra low 103.82). Near term outlook will be entirely dependent on the direction within the broader market.


NFLX, daily



Summary

*it is highly notable that at last Monday's opening, NFLX saw a flash crash print to the $85 gap zone.
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Suffice to add... NFLX is trading with the broader market, but generally moves at a more dynamic 2-4x ratio.

Best guess.. renewed upside to the 120s.