Netflix (NFLX) Ready for Run to 300

Today’s POD is in Netflix, Inc (NFLX). This stock has shown an amazing amount of relative strength even despite the huge amount of selling early Friday morning. It has withstood a downgrade too four days ago, and it being upgraded this morning. I am looking for a trade above Friday’s high of $295.80 for a move first to the all time high of $297.35 then $300. Once we get through $300 I am looking for a measured move to $310, if not higher. I would risk $2-4 on this one and look for about 10-15 in gains.

By: Steve Levay

Disclosure: No position; plans to initiate position in next 72 hours

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