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NFLX Continues to Lead the Resurgent FANG Stocks

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Facebook, Inc. (FB), Amazon.com Inc. (AMZN), and Google Inc. (GOOG) remain within the confines of near-term corrections. However, Netflix, Inc. (NFLX) is the leader of the FANG stocks again today, up over 2%, but having hurdled key, Sep-Nov resistance at 116.25/50, which triggers upside potential towards a retest of its Aug high at 129.29, and then possibly into the 140 target zone. MPtrader remains long the Nov 27, 115 strike calls to participate in the anticipated upleg.

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