The Traderszone Network

Published in TZ Latest News 27 February, 2016 by The TZ Newswire Staff

NFLX Prints Shooting Star On Friday

Over the past few months, traders have shunned risk and we’ve seen many high flyers begin to take big hits.  Netflix (NFLX) certainly fits that category and hasn’t been immune to the selling.  Recently, NFLX traded at a high of 133.27, but has since fallen to a near-term low of 79.95 reached on February 8th.  It’s since rallied 22% in less than three weeks as we’ve seen an oversold bounce in the U.S. market.  Friday’s candle on NFLX may have ended the short-term run, however, as shooting stars off uptrends can mark short-term tops.

read more