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NFLX… Next Step

January 9, 2011

Netflix chartA CFO change at any firm is reason to watch carefully. The trend has been up and up. This should be the next step in the climb, but the tread on this step is stretching out as the price of NFLX looks like it will ride the moving average for the next several days. From here, the price is certainly going to move. Short term down. Long term can afford a pullback.

The stock was just downgraded to a lower price target. This chart without my rough annotations can be found at StockCharts. The weekly version of the chart shows the current weakness in daily momentum.

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3 Comments leave one →
  1. January 12, 2011 11:15 am

    like me

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  1. Netflix CFO change… Candlesticks For Objectivity « Wordlinks' Blog

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