This week’s stock of the week is NFLX, which reports earnings today after hours today and is our first potential earnings play of the new earrings season.
Strong earnings could be the catalyst to breakout over new highs at $130 and start a new leg up. Weak earnings and the stock is no longer a momo play or momentum leader and could eventually test the open gap at $70. Thus, it’s do or die for NFLX today.
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