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Netflix Triangle Signals A Little More Upside



March 26, 2013 – Comments (0) | RELATED TICKERS: NFLX

Netflix, Inc. (NASDAQ:NFLX) is trading at $190.68, +9.89 (5.47%). The stock is having a solid day but still trading in a technical triangle pattern. A triangle basically alerts traders to consolidation. In this case, it tells of bullish consolidation for one final move higher. The move higher should take it to $208.00. This would be a technical gap fill level and major resistance.

Gareth Soloway

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