$NFLX closed down 2.62 percent on Tuesday, October 6, 2015, on approximately normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
$NFLX closed down 0.21 percent on Wednesday, October 7, 2015, on 56 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.
$NFLX bulls need a rally to stay above water. I recommend a short today near HOD if you believe in the bear case. Resistance at $104.
$NFLX back in the thin zone on the 60/65 minute chart. Sitting below the 50 on the daily. Next level watching 104.77