Netflix Declines Again: Buy It Here
InTheMoneyStocks.com | Apr 01, 2014 01:38AM ET
Netflix, Inc. (NASDAQ:NFLX) continued to decline yesterday. The stock is trading at $351.62 -7.25 (- 2.02% at time of writing). After topping out at $458 a share, the stock has fallen by 23% in a month. Many investors are too scared to go near it, just after they were so eagerly buying at the all time highs.
Smart investors are starting to look for a great entry. The level for entry is a major gap fill along with the 200 day moving average. This level is $334. Expect a strong bounce off this level for a week or two. Please note the chart below.
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