Netflix Break Out The Downward Trend
Entertainment giant Netflix (NFLX) is scheduled to report earnings on Thursday, Jan. 17, and investors are hoping the results will confirm the lift of the stock out of its downward trend. The stock got a boost Today when Netflix raises prices on all streaming plans in US that caused the stock to jump more than 5% in the early going, but this there could be some pullback depending on the Q4 earnings results.
It's also worth noting that the bounce since Christmas has caused the 10-day RSI and the daily stochastic readings to jump from oversold territory to overbought territory.
Ultimately, whether the bulls or bears feel more validated by the results, Thursday's announcement promises to be an entertaining earnings report from one of the fastest-growing businesses of the past five years
It's also worth noting that the bounce since Christmas has caused the 10-day RSI and the daily stochastic readings to jump from oversold territory to overbought territory.
Ultimately, whether the bulls or bears feel more validated by the results, Thursday's announcement promises to be an entertaining earnings report from one of the fastest-growing businesses of the past five years
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