I read some talk that analysts were concerned Netflix was underperforming the market. If you look at the share price, hitting a new all-time high, is there really a need to be concerned?
The $380 level seems to be very important for Netflix - a breakthrough would be very bullish. It has tried and failed on a number of occassions in the past. One to watch closely.
It does look to me as though comments regarding the recent underperformance by Netflix shares have focused the minds of investors. I think the next rally will move the shares into new higher territory.
Interesting fall in the Netflix share price - especially when ROKU is hitting new highs. The next major support level is $360 and after that it falls to $340.
Interesting fall in the Netflix share price - especially when ROKU is hitting new highs. The next major support level is $360 and after that it falls to $340.
The subscription numbers for Q2 were horrendous. If they are no better in Q3 there might well be a huge sell off.
Netflix is a huge and very popular company but if they are faltering on growth plans at this early stage, that surely does not bode well?
A fall below $360 could lead to a fall to support at $340 - the fundamental problem is that growth seems to have stalled in Q2 despite the company still being in its relative infancy.