This Streaming Giant Is Starting To Retrace
InTheMoneyStocks.com | Mar 13, 2018 01:43PM ET
Shares of Netflix (NASDAQ:NFLX) continue their downward move after making an all-time high of $333.98 on Monday. The stock, now trading near $315, is likely beginning a normal retrace back to the long-term trend. The recent surge had Netflix shares up over 75% since the start of 2018. This insanity is driven by hype and greed and cannot last. The technical retrace to the trend is shown in the chart below as the stock now sits at $240-$250.
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