Netflix Technicals Eye A Fall

 | Aug 27, 2018 01:18PM ET

Shares of Netflix (NASDAQ:NFLX) hit their max upside level today at $370. This is the daily 20 moving average as well as the 61.8% Fibonacci retrace level. Ultimately, the stock has soared nearly 20% in the last week. Look for a significant drop in price back to $350 in the coming days.