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NFLX Continues to Lead the Resurgent FANG Stocks


Wednesday November 18th, 2015
NFLX Continues to Lead the Resurgent FANG Stocks
by Mike Paulenoff www.MPTrader.com

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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