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Netflix Inc (NFLX) The Next Leg Higher

|Includes:Netflix, Inc. (NFLX)

$NFLX (Netflix Inc) may be starting another leg higher, watch for breakout above 273.28 with a of target 309.4 (+14.4%).

Breakout Details

BREAKOUT WATCH for possible breakout above 273.28, no resistance in area just above.
Type: True breakout from double resistance.
Target: 309.4, 14.4% Stop: 258.8, Loss: 4.3%, Profit/Loss ratio: 3.4 : 1 - Excellent

Support and Resistance

CURRENT PRICE 270.37, at resistance, 265.6 ± 7.7, type double, strength 6
RESISTANCE ABOVE None.

SUPPORT BELOW -9.6% at 244.4 ± 7.09, type triple, strength 10
-16.5% at 225.8 ± 6.55, type triple, strength 5

NFLX Chart

NFLX breakout stock chart provided by http://www.stockconsultant.com

source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=NFLX

Stocks: NFLX