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novvoll12

NFLX $614.82: Bull flag breakout drives higher

Long
Netflix, Inc. (NASDAQ:NFLX)  
novvoll12  
NASDAQ:NFLX   Netflix, Inc.
NFLX
2
0
nflx
NFLX accelerated the rally from a 3-week bull flag breakout to target 649.01 next (as shown on the weekly chart). Above would open 679.08 ahead of 803.89 (projections). The 575.00/552.26 (April 17 high/May 1 low, 2015) range should serve as support on pullbacks.
Outlook:
Short term: bullish
Long term: bullish
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