IS 900 OR 500 MORE LIKELY FOR NETFLIX? $NFLX
Netflix has been one of the hottest stocks around. Wednesday, on the news of 7-to-1 stock split, shares traded above $700 for the first time. The other big news was that Carl Icahn sold the last of his Netflix shares. Icahn first bought these shares in 2012.
The real question for investors is what is next? Will the stock zoom to $900 or drop to $500? Let us examine both technicals and fundamentals.
The Chart
Take a look at the annotated chart.
Please click here for an annotated chart of NFLX.
Notice the divergence between the Relative Strength Index (RSI) and the price of Netflix NFLX RSI measures the internal strength of price movements.… Please click here or the title below to read more.