The Netflix Gap
Image Source: Pixabay
Netflix has a P/E of about 50, and I think it is losing momentum. Take note of the price gap between Monday and Tuesday trading.
(Click on image to enlarge)
My perception is that NFLX doesn’t have the fuel to power itself any higher. The tinted area shows how much is fell short of another channel tag. I’d say this stock is quite vulnerable at these lofty levels.
(Click on image to enlarge)
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