Netflix, Inc. (NFLX) is one of the weaker stocks today. The ticker is trading lower by $6.15 to $206.43 a share. Traders can watch the stock’s next area of interest, if follow through develops, located at its February low 50 EMA at $205.36 – $205.07.
The next important support area for shares of Netflix will be around the $199.98/$204.00 – 205.00 levels. All support spots could see small bounces, at least intra-day, so the risk/reward for scalpers is there for some potential snapback upside off of these levels.
The all time high for the NFLX was made on February 14, at $247.55 a share. Short term traders can look for the Netflix to have intra-day support at $200.33, its 50-day moving average.