For those of you looking to get long this market, take a look at Netflix. Since announcing a contract with Microsoft Xbox 360 in November, Netflix has managed to buck the market trend flying from around $20 per share, to $38 per share.
Plenty More Where That Came From
Take a look at this chart:
In late January, Netflix flashed a 3 indicator bullish trend reversal. These trend reversals are very successful trade indicators. When combined with the recent 3 week spike in volume, netflix is poised to make a strong run up.
An breakout above the $40 – $41 level should be considered a bullish signal. This stock is primed to run to at least $48 quite quickly. You options traders might thing about buying some deep in the money calls here
Let’s take a look at what the Trade Triangles have to say
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