It was only last week on January 20 when we reviewed the charts of Netflix (NFLX) ahead of earnings. Our bottom line advice was that "NFLX has made a big decline and is oversold using tools like the stochastic indicator, but there has been no slowing in the pace of the decline - no bullish divergence from the 12-day momentum indicator. I have no special knowledge of what the numbers are going to be tonight but I am finding no technical reasons to buy the stock. Avoid."
Prices plunged sharply lower so another check of the charts is in order.