Netflix Inc (NFLX)

[sokol]

Not looking good. I don’t like the chart. Take note of the PMO sell signal, MACD and Stochastic headed down, plus read the latest news this evening where the Chief Financial Officer dumped some stock shares very quickly and timely I think. Good for the CFO that has the very best insider’s perspective of Netflix, but bad for lesser hopeful morsels holding the stock. And, no, I think prospects for this stock heading higher next year are very unlikely viewing the fundamentals and late stage of the bull market rally that has taken share value to the extreme. Be careful and good luck.