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

Sep. 09, 2013 3:25 PM ETNFLX
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InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype while calling major and minor moves in the DOW, NASDAQ and S&P, commodities, currencies and stocks. Mission Statement: Our goal is to provide accurate and precise market guidance without the Wall Street hype.

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
InTheMoneyStocks.com

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