"It's hard to be quite as definitive on either side of the bull-bear ledger right now," Maley said on CNBC's "
That critical level comes in at around $284.40. Netflix broke down below that level in mid-September. Quint Tatro, president of Joule Financial, says the fundamentals do not support a major trend reversal, though.
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Wall Street is souring on Netflix ahead of earnings. Here's why 6 firms have cut their price targets in recent weeks.Investors and analysts are expected to pay close attention to net subscriber additions in Netflix's third-quarter earnings report.
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