NFLX - Netflix Added To Model Portfolio As Investors Buy On Weakness (Technical Analysis)
2024-06-05 12:51:38 ET
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.
As you can see on the chart below, investors rushed in to buy Netflix, Inc. (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 Buy signal at 90 out of a possible 100. That means that a price pullback, like the last one, will trigger our buy-on-weakness signal in the Timing, Tmg, column of our daily reports....
Netflix Added To Model Portfolio As Investors Buy On Weakness (Technical Analysis)