[ibd-display-video id=2326958 width=50 float=left autostart=true] After breaking out of a cup-with-handle base in early October, Netflix is now working on a flat base with a 204.48 buy point. Shares are finding support at the key 50-day line as they build the pattern, though shares fell 0.6% to 194.60 in morning trade on the stock market today . Netflix is considered the leading streaming service, but faces stiff competition from the likes of Amazon ( AMZN ), Hulu and others.
E-commerce powerhouse Amazon also is a serious rival to Etsy with the expansion of its Amazon Handmade platform in October. While Amazon is extended from buy range, Etsy is shaping a cup-with-handle base with a 17.70 entry point. The provider of handcrafted goods is up 1.3% to 17.24 on Monday, continuing Friday's rebound from support at its 50-day line.
IBD'S TAKE:Looking for more high-quality stocks to add to your watch list? Check out Leaderboard, where our markets team curates a selection of top growth stocks that are at or near potential buy points. Take a free trial of Leaderboard .
E-Trade is less than 2% below a 45.80 flat base buy point, up 0.7% to 45.18 intraday. The 50-day line has been an area of support too. As for fellow online broker s Charles Schwab (SCHW) and TD Ameritrade (AMTD), Schwab is vying for a breakout while Ameritrade remains within the 5% buy zone after its Sept. 27 breakout.
Chinese internet giant Sina is more than 10% below a 119.30 buy point from a flat base after losing 2% to 106.98 intraday Monday. Sina fell back below its 50-day moving average on Friday after retaking that support on Wednesday. Sina is the majority shareholder of Weibo (WB), which is well extended from a buy zone after breaking out in early November .