EvanMedeiros

recovery long

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BATS:NFLX   Netflix, Inc.
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$NFLX nice rip on thursday back above the critical 212 level that offered strong support for a few weeks after the latest earnings gap up. Identified by the blue band this stock has strong resistance from 218-220 and breaking above that should really set this in motion to the upside again. Until then bulls will want to see netflix hold it's gains from thursday and friday. Perhaps another retest of 212 before attempting 220 would be healthy. I remain on the bullish side.

Evan Medeiros
Founder, Trade Risk
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