Shares of Netflix Inc. (NFLX) traded as high as $441.24 Tuesday, before ending the day at $436.59. At current price the stock looks a bit extended on a short-term basis. That said, the overall stair-stepping pattern reflected in the 1-yr chart remains significant, as the top of the pattern continues to reach up.
A break and close above $440 on good volume could lead in the near term to a potential new high above $450.
At Tuesday’s close, NFLX is up $249, or 131% on a y/y basis.
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply