NFLX - jumps on higher prices

With the market battling upward into the close, Netflix (NFLX) was showing particular strength, seeing a powerful reversal from a low of $102.60... and settling +6.5% @ $115.16. There was chatter of a $1 a month subscription increase, and that really inspired an uptick in market mood toward the company.


NFLX, daily

NFLX 5min

Summary

Suffice to note...

The news of a price hike is very bullish, and it was not entirely surprising to see such a powerful intraday reversal.

Clearly.. NFLX is going to garner a lot of media attention in the immediate term.. and much higher levels look due.. at least to the 120/125 zone.

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I am HUGE fan of the shows now being churned out of what used to be a rather tedious online streaming website.

The deep business tie with Marvel (owned by Disney) is going to result in at least FIVE different series of shows across the next few years. 



yours..

Bullish: Jessica Jones, Daredevil, Luke Cage, and Iron Fist.... aka.. the Defenders!