US stocks open mixed with the:
- NASDAQ up 0.32%
- Dow industrial average is down -0.08%
- S&P index is up 0.20%
The small-cap Russell 2000 is up 0.52%.
Both the S&P and the NASDAQ index closed at record levels yesterday.
Netflix shares are down $60 or -4.71% at $1213 after earnings. The price fell below its 50 day moving average at $1227.54. The next target comes against a swing area near $1176.28 (see chart below).
The price is down from the all-time high of $1341.15, but the price is also still up 36.59% this year. A lot was priced in. The stock is correcting some of the gains.
This article was written by Greg Michalowski at www.forexlive.com.