Trade Idea - Netflix
Thursday, March 19, 2009
Chart courtesy of www.stockcharts.com ( click to enlargeThe stock just broke out of a short consolidation phase. Looking at the technical chart, the stock shows a continuation of the trend with MACD and RSI in Bullish areas. The RSI value is currently above 50 but it has not reached the overbought region. The stock is now a stock in a Breakout mode. Let's keep an eye on it.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
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