Long Position on NFLX @ $100.00 on 9/29/2015 (Momentum)

Netflix, Inc. (NFLX) is a provider of Internet television network.

The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (TV) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen.

The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD.

The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content.

The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments.

Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

Shares are sitting at their 100-day moving average, and have formed a bullish "wedge" (shown in blue). Higher share prices are expected for this stock.

52-Weeks Trading Range: $45.08 - $129.29

Entry Point: $100.00

Stop Loss: $95.00

Target Price: $110.00

Updates

10/5/2015 12:00:42 PM

NFLX closed at $110.66.

Position closed on 10/5/2015 at price of $110.66 with a 10.66% gain in 6 days.

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