The NFLX Gap

Now that Netflix’s earnings are well behind us, it is relatively safe to take a look at it as a potential short.

Now that Netflix’s earnings are well behind us, it is relatively safe to take a look at it as a potential short. To my eyes, the most significant technical feature is the price gap which I have highlighted in two ways below. A trader short this stock would, I think, be wise to have a stop-loss set just above that level.

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A long-term view of the stock shows just how jaw-droppingly lofty it is.

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Disclosure:

None. 

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