Netflix, Inc. (NFLX) Stock Falling on Earnings

By Tim - http://stockstobuy.org

Shares of Netflix, Inc. (NFLX) dropped below $100 again on Thursday after the company reported worse than expected earnings last week. Netflix, Inc. has been getting hammered ever since the stock hit a new 52 week high at $124.00.

So what now? From a technical point of view, the 10 day moving average has broken down through the 50 day moving average, very bearish. Netflix Inc has support located at $90 but then nothing until the 200 day moving average located at $78.49. Be careful with this stock right now, don't try to catch the falling knife just yet.

I will have a new update at http://daytradingstockblog.blogspot.com when things start to become clearer.