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Joe89

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Joe89

Re: None

Tuesday, 04/12/2011 11:05:50 AM

Tuesday, April 12, 2011 11:05:50 AM

Post# of 9273
NFLX has been bumping up against some serious headwinds lately. Concerns of the stock being overvalued have been widespread, but have not had any effect on the rally until recently.

This could all be a health bout of profit taking, but the recent weakness has been pushing NFLX down below some important supports.

The current uptrend channel is in the low $200 level, while NFLX is holding up relatively well today, it could just be that sellers are done for now.

Watch for earnings next week to cause some big moves.

Get in low, or dont get it at all! - Gman33 http://www.hotstockmarket.com

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