Trade Idea - Netflix
Thursday, March 19, 2009
Chart courtesy of ( click to enlarge

The 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.
posted by Pro Investor Trader at 1:18 PM | Permalink