Netflix, Inc. (NFLX.NASDAQ)

18 April 2018


Technical Summary: By any measure the stock performance of NFLX has been spectacular. If you have owned the stock over the last five years it would have been difficult to under perform the market. However, holding the stock does seem relatively easy on retrospect as it would have been easy to get shaken out by news. By focusing on the technicals, the trend and the bigger picture would have kept you in the stock. We have highlighted on the chart above some areas where the stock would have been buyable over the last year. At every turn the stock has shown strength. Gaps up on earnings have been held by buyers and pullbacks when the stock has become overextended have been shallow and manageable. At the current juncture, after another earnings gap the stock looks a bit overextended and while there could easily be further upside it would be dangerous to jump in immediately, at this stage further consoldation would not be surprising and would be welcomed.

Finally, a serial gapper to the upside...

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