Netflix, Inc.Long
555 breakout
NFLX is so close to a breakout through 555.
The reason for this assessment is the fact that it has been moving sideways under the 555 major price level for some time.
when a stock is under a major level for a few months or even a few years, once its able to breakout through that level the move is usually a big one that investors want to be in on.
NFLX is a large cap company so you can bet that institutions are watching this level
Another reason this stock is about to breakout is that it has an inside day which could mean that a move is about to occur in either direction.
The reason for this assessment is the fact that it has been moving sideways under the 555 major price level for some time.
when a stock is under a major level for a few months or even a few years, once its able to breakout through that level the move is usually a big one that investors want to be in on.
NFLX is a large cap company so you can bet that institutions are watching this level
Another reason this stock is about to breakout is that it has an inside day which could mean that a move is about to occur in either direction.
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