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Netflix, Inc. Message Board

  • sandyeggojake sandyeggojake Mar 10, 2011 3:30 PM Flag

    Even with today's gains, still has yet to break out of the down trend.

    Check out a 6 mo day chart.

    Even with this rip, today's DH still below the upper bound HD trendline of Feb 17 / March 7th.

    Is this a breakout? Not yet.

    So its to early to call this a reversal.

    Our bet is this was nothing more than short covering. The fundamentals that caused the crash have not changed. Nor has the analyst sentiment.

    So this rip will give retail hope...and the professionals a chance to take profits.

90.79-0.75(-0.82%)May 4 4:00 PMEDT