"Unveiling the Deceptive Bullish Pattern in Netflix Stock"

1 min read
Source: Investor's Business Daily
"Unveiling the Deceptive Bullish Pattern in Netflix Stock"
Photo: Investor's Business Daily
TL;DR

Netflix's stock is showing a bullish three-weeks-tight pattern with a 579.64 buy point, coinciding with its 52-week high, and rebounding in heavy volume after a recent drop. The company's fourth-quarter earnings showed significant growth, with earnings leaping from 12 cents to $2.11 and sales growing by 12%. Analysts forecast strong profit growth for Netflix in the coming years, and the stock holds high ratings for both its composite and earnings per share.

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