NFLX – Netflix – Weekly Chart.
Here’s the big move for Netflix after surprising analysts with a surge in subscribers for this earnings period. We no longer hold NFLX, selling it 6 weeks ago to move into Biotech stocks (CELG).
As we mentioned weeks ago, that 21-week moving average is keeping the trend in effect. Sky’s the limit as long as that line holds.
Here’s the weekly chart:
At Trading Room we search for the biggest winning stocks in the market today.
We use market timing, industry group selection, and chart patterns with price and volume analysis.