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