Stock market: Netflix is strong

Stock market: Netflix is strong

2019-11-11 • Updated

Trade idea

BUY 375.15; TP 381.50; SL 373.00

Netflix stock closed yesterday above February and March highs in the 371.00 area. The price has the scope to rise to resistance line connecting 2018 highs around 381.50. In the medium term, the break of this resistance and the advance towards the 400 level is quite possible. Below 371, the next support lies at 359.50.

O the fundamental side, the dovish comments of the Federal Reserve and the company's efforts to create programming for foreign markets are positive for the stock.  

Netflix.png

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