Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Double Top Alert: Netflix, Inc. (NASDAQ:NFLX)

|Includes: Netflix, Inc. (NFLX)

Netflix, Inc. (NASDAQ:NFLX) is quickly approaching the $300 level. The all time high for Netflix hit in 2011 was $304.79. This represents a perfect double top and a major shorting area. I will be locked and loaded if the stock trades into and just above that level. Cheers!

Gareth Soloway