NFLX Crushed On Earnings: Buy It Here

[Verified Investing]

Netflix, Inc. (NASDAQ:NFLX) fell sharply after-hours on earnings results. While they beat earnings expectations, domestic subscriber growth stalled dramatically. The stock dropped to $85.90 -12.91 (-13.07%) after-hours. Tomorrow investors are going to be asking where they should buy it? The chart clearly shows the answer below and it is not for a while. The technical level where the stock should officially bottom is $69.00. At this level the risk/reward finally becomes strongly in favor of upside again. Until then, it is a high risk stock with further potential downside.

By Pro-Trader

Gareth Soloway