Netflix Added To Model Portfolio As Investors Buy On Weakness (Technical Analysis)

Summary:

  • Investors are expected to be buying Netflix, Inc. stock on weakness after a price pullback, with a strong buy signal at 90 out of 100.
  • The price is dropping and targeting a test of support at $610, with traders and small investors waiting for signals to turn up.
  • Netflix, Inc. is on our Earnings Pop Watchlist with strong buy signals in the SID, Fund, and Tech columns.

Netflix HQ campus in Silicon Valley. Netflix, Inc. is an American media-services provider and production company

Michael Vi

As you can see on the chart below, investors rushed in to buy Netflix, Inc. (NASDAQ:NFLX) stock on weakness after the last, big pullback to $544. Now, the price is pulling back again, and our SID score is a strong


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in NFLX over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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