Netflix, Inc. (NASDAQ:NFLX) fell sharply after-hours on earnings results. While they beat earnings expectations, domestic subscriber growth stalled dramatically. The stock dropped to $85.90 -12.91 (-13.07%) after-hours.
Tomorrow (Tuesday) investors are going to be asking where they should buy it? The chart clearly shows the answer below and it is not for a while. The technical level where the stock should officially bottom is $69.00. At this level, the risk/reward finally becomes strongly in favor of upside again. Until then, it is a high risk stock with further potential downside.
Get alerted to the exact trades that Gareth and Nick take live when the action happens, here is how… enter the Research Center here for FREE. Also, take note of the documented track record of every single trade members have received over the years – no one can compete with the verified performance of our Pros, its that simple.