Seem to be stuck like the rest of the market after bouncing off the multi year low of $52.81
Recent high 59.47 (google shows .45) minus low 52.81 = 6.66
The stock is cursed
Very nice trading range around 57-58 for some quick bucks either way.
Very important question is at which price will the funds see value in NFLX or that's it the growth story is over? This will be the price to cover if short or to initiate long position. Right now it's just a trader's stock with trader's volume.
My opinion is while there's some support for NFLX due to the recent bull rush that caused some value hunting buys (weak longs hoping for a bounce over $60). NFLX performance during the next market correction will be very telling. I'm betting that we won't see any type of serious support until low 40's or high 30's or about 3x book value.