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ITMS

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Tuesday, 07/19/2016 9:44:26 AM

Tuesday, July 19, 2016 9:44:26 AM

Post# of 9278
The Is How You Trade The $NFLX Earnings

Netflix, Inc. (NASDAQ:NFLX) fell sharply after-hours on earnings results. While they beat earnings expectations, domestic subscriber growth stalled dramatically. The stock dropped to $85.90 -12.91 (-13.07%) after-hours.

Tomorrow (Tuesday) investors are going to be asking where they should buy it? The chart clearly shows the answer below and it is not for a while. The technical level where the stock should officially bottom is $69.00. At this level, the risk/reward finally becomes strongly in favor of upside again. Until then, it is a high risk stock with further potential downside.


NFLX dropped sharply on earnings. Look for key support at $69.00 per share

Gareth Soloway
InTheMoneyStocks.com
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