Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead

Netflix's robust bounce off the $315 level in April is a sign of strength from a technical perspective, says Sarah Potter, author of "How You Can Trade Like A Pro". Potter's short term target for Netflix is $500, while her target for Chipotle is $620. Potter, who acknowledges fundamentals but does not use them for trading purposes, says the Mexican restaurant chain has cleared prior resistance at $540 and has now officially broken out. Finally, Potter is bullish on Tesla, saying the electric carmaker will benefit from the heavy short position to squeeze the stock higher.
View Comments (0)