| 2016-10-17 13:29:42|
NFLX 13:29 10/17 10/17/16
Netflix technical commentary ahead of earnings
The shares have been trading in a range since April of this year that is largely defined by a low at $90 and a high at $100 with notable breaks that were quickly bought or sold. If the news is strongly positive, a breakout back above the $100 area would be bullish for future price. Next resistance levels above $100 to watch as potential upside objectives would be at $105.79, $111.51, and $117.78. If the news is a negative disappointment, the low of the range at $90 is first important support. A breakdown below $90 would resolve the trading range bearishly for future price. Additional support levels to watch as potential downside objectives would be at $87.21 and $80.57. The 52-week low is at $79.95.