Horizontal lines have a slope = 0, and since the first derivative provides us a function that gives the slopes of the tangent lines to the curve, we can take the first derivative, using power rule, set it = 0, and solve.
Note two things: Though we could take the first derivative using product rule, it is easier to simply distribute the x2 in the given function rule before proceeding. Also, this quartic (degree 4) polynomial will have at most 3 horizontal tangents (i.e. 3 turning points at most.
Actually, another feature of the given function worth noting is that it is even, which means it has y-axis symmetry. So it may have at most two non-zero turning points, as well as a turning point on the y-axis (x = 0).
f(x) = - x4 + 4x2
f'(x) = -4x3 + 8x = 0
-4x(x2 - 2) = 0
x = - √2 , 0 , and √2