There are bearish technical signals that indicate prospective buyers might want to wait for a pullback in the shares of the streaming giant.
Let's review the charts and indicators.
Here's my trade idea, but it's not for everyone.
The shares are expensive. An investment in this name is a bet on a recovering economy in a post-pandemic world.
NFLX has been weak in recent trading sessions.
I have reasons to look at an entry in here now, but with some very specific parameters.
It is going to take successful vaccines and therapies and much lower unemployment to revive most of Walt Disney Co.'s businesses.
Plus, Disney will report earnings after Tuesday's close amid big challenges and Chicago Fed President Charles Evans' blunt economic assessment.
We're tracking potential buy setups in Lululemon Athletica, Microsoft and Netflx.
Yesterday's earnings report was a flashing red light that NFLX's growth is slowing.