Buyable Gap Up - NFLX 10-18-16
Internet TV show and movie provider NFLX had a buyable gap up on a strong earnings report. Earnings and sales are reaccelerating over the last 2 quarters, group rank 59. Today's intraday trading range is tight so giving NFLX an undercut allowance of 2-3% would put risk at about 4-5%. Keep in mind the market has a number of distribution days under its belt with a correction that may not yet be complete.
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