The weekly chart of Netflix, below, shows a broken steep multi-year uptrend.
Today is only the first day a “shocking disequilibrium” in the stock, where there is a major re-pricing in terms of institutional selling.
Typically, it is best to wait at least several days before attempting a short-term reversion rally trade, if at all.
Longer-term, the stock has broken steep trend and, as a major leader in this market, is in trouble.
__________________________________________________________
An thoughts on the VSR ebola play?
Would not chase it up here.