SSS - NFLX Head and Shoulders Downside Breakout

Published : September 15 2011 at 10:41 ET

NFLX was hit today on news regarding declining subscribers and the stock has gapped down below the neckline of an Head and Shoulders topping formation. The stock is shortable here using the neckline, around 290, as your upside stop. Ideally, a rally back up into the neckline would be the most optimal place to short the stock, but that may not happen if the general market reverses today. Also, other short-sale target stocks such as FOSL, OPEN, and RAX are still in shortable positions.


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