Netflix, Inc. (NFLX), despite the overall market sell-off on Monday, was one of the few stocks that finished the trading session with a gain. It closed just slightly below a key resistance area at 250, which is also the top line of an ascending triangle pattern in which the stock has consolidated during the last three months. If a breakout above that level occurs, we could see the 260 area reached next. Preferred entry (buy stop) price is at 251.05, with a stop at 241.00.
Originally published on TraderHR.com.