NFLX - cruising to the big $500

Whilst the broader market saw significant gains, there were even more impressive gains for Netflix (NFLX), which gained 7.4%, settling @ $473. There looks to be relatively easy upside into earnings season, with the big $500 threshold set to be hit.


NFLX, daily

Summary

Suffice to say, the equity bears can complain NFLX is over-valued (along with the rest of the market), yet the company is making reasonable profits, and looks set to expand its customer reach for at least another year or two.
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NFLX looks bullish to the big $500 level, which seems viable this month..or mid August at the latest.