Tide Changing for Netflix
Prior to this week, I had been playing the bearish breakdown in shares of Netflix (NFLX). The tide looks to be changing.
We've seen a change in price pattern and technicals surrounding the stock. The stock has rebounded off the lows in the $60s and looks to be setting up a small, inverse head-and-shoulders pattern here. The RSI and stochastics confirm the price movement and possible breakout. I'd prefer to see the RSI or stochastics leading the price in a little clearer picture, but over $67 or $67.50, if you are more conservative, the path looks set for $72.50....230 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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