Netflix Breaks $200; Watch Out Below? (NFLX)

Netflix NFLX has broken the $200 level on Tuesday, losing 4.45% to $198.27. Volume is very heavy. This could be the day that NFLX cracks and we see a significant washout. Short-sellers have been gunning for this name for a long time, and most have burned.

This could, however, be the moment that everyone has been waiting for - when NFLX's lofty valuation finally catches up with it. Expect for this stock to be very active throughout the trading session.