Netflix (NFLX) is up over 100% from its January lows, which makes it one of the top performers this year. However, signs of selling pressure are starting to creep in. First, the stock formed a bearish harami in late April and declined to 90. Second, a bearish evening star formed last week. Watch support at 100.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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