definitely downtrend! It keeps hitting lower highs, and can't hold them. I have no loyalty to a stock-I'll play it whatever way it seems to be heading, and this is for SURE, heading (albeit slowly) down. I was long on this earlier in the week-till I read the blockbuster news and saw the "sell" rating by S&P, this boat is starting to list my friend, obvious to everyone but the diehard longs.
When NFLX hits the 28 day ema and the stochastic cross from down to up (which happened over the last 3 days):
7 May to 13 May - approx 25% gain (low to high) 21 May to 14 June - approx 35% gain 1 July to 14 July - approx 18% gain 29 July to 17 Aug - approx 40% gain 31 Aug to 9 Sept - approx 20% gain 19 Oct to 27 Oct - approx 22% gain
I don't know about you - but can you stand a 20% gain off the 163.57 level (196.xx)!