Power Plays New Idea: NFLX
February 4, 2024

By Scott Redler

Name: Netflix

Ticker: NFLX

Price: $978

Needs to Hold: $895 to $954

Price Objective 1: N/A

Price Objective 2: N/A

Netflix (NFLX) is setting up as an awesome post-earnings gap play so I'm adding it to Power Plays here.

It's building a beautiful upper range since earnings and looks poised to explode higher.

This is not a low-risk situation but aside from the chart, there are other positives. Earnings are behind us, and the company doesn't have exposure to the DeepSeek/AI saga. So it's "cleaner" than most growth names.

-Scott

Scott Redler Positions Disclosure as of 2025-02-04 at 9.19.22 AM