2waytrading
Short

New Lower Low In Progression

NASDAQ:NFLX   NETFLIX INC
182 0 1
Today's 4.71% drop along with above average volume suggests downside momentum has a room. The bullish doji star yesterday did not help the bulls to attract enough force to stop the bear taking the helm for a long time. Last time we recommended downside target price of $299 and that is very likely next 3-6 months. If you decide to take short position, do your homework and make your stop loss at recent swing high with target price $299.50 with a rest area at 331.00. If u want a real time alerts on this try us http://www.2waytrading.com
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