Monday, 13 April 2015

NFLX - Bullish Daredevil

Whilst the broader market saw some moderate weakness into the close, there was notable strength in Netflix (NFLX), which settled higher by a significant 4.4% @ $474. Next upside target is the Sept' high of $489, and then the giant $500 threshold.

NFLX, daily


Suffice to say NFLX is making a serious play for new historic highs... $500 looks a very valid outlook for the post earnings reaction this Thursday morning.

NFLX is seeing some extremely positive reviews for its first Marvel (owned by Disney) series 'Daredevil'. Another three series are due across the next year or so.. and all are part of the grander 'Marvel universe'.

I am bullish in the long term for NFLX.. not least with recent 'net neutrality' issues apparently resolved in the US.

*NFLX earnings are due at the Wed' close.

.. as for Daredevil, great series... highly recommended...