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Has NFLX Seen It's High?


Yesterday, NFLX jumped 10% on record subscription growth.

Despite the gap up, the stock price failed to exceed a recent high.

Price did not exceed double top from two months ago.

Watching the price action the past two days in NFLX with all the good news being reported, one has to suspect that we are seeing distribution in the stock.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Additional disclosure: Would consider Put Options on Rallies....Not shorting stock.