StocksAllDay
Long

Netflix Snapping Back From 300

NASDAQ:NFLX   NETFLIX INC
With the aggressive selling we had in the past 2 months, Netflix was able to maintain its 50MA with periods where it would occasionally pierce the 20MA, but yet still maintain it. Overall the chart formation and business model seems to be bullish . As long as we can maintain prices above $300, I would remain bullish on this security.
Comment: Poor market conditions making this a tough hold. Risk management comes first!
Trade closed: stop reached
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