Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead

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Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead

Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead
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Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead

by TheStreet 2:09 mins

Netflix, Tesla and Chipotle Technical Signs Point to More Gains Ahead

by TheStreet 2:09 mins

Netflix's robust bounce off the $315 level in April is a sign of strength from a technical perspective, says Sarah Potter, author of "How You Can Trade Like A Pro". Potter's short term target for Netflix is $500, while her target for Chipotle is $620. Potter, who acknowledges fundamentals but does not use them for trading purposes, says the Mexican restaurant chain has cleared prior resistance at $540 and has now officially broken out. Finally, Potter is bullish on Tesla, saying the electric carmaker will benefit from the heavy short position to squeeze the stock higher.

TheStreet