Short entry ~$110, cover half at $100, rest at $90, stop loss at $113.
Monday, April 26, 2010
NFLX - Netflix - Overbought
Netflix - great fundamentals, growth prospects, but way overbought on daily, weekly, and monthly charts with daily RSI > 86. Chart clearly shows a parabolic move. Likely to break higher tomorrow in the AM for a quick pop on short capitulation and fall for the rest of the day.
Short entry ~$110, cover half at $100, rest at $90, stop loss at $113.
Short entry ~$110, cover half at $100, rest at $90, stop loss at $113.
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