Watch These Netflix Price Levels as Stock Jumps After Strong Earnings
Key Takeaways
- Netflix shares jumped in extended trading Thursday after the streaming giant posted first-quarter earnings that topped Wall Street expectations, boosted by higher subscription prices and ad revenues.
- The stock’s recent rebound has coincided with the relative strength index moving higher from the 50 threshold, a reading that has marked the bottom of several prior pullbacks since early 2023.
- Investors should watch key overhead areas on Netflix’s chart around $1,065 and $1,300, while also monitoring important support levels near $821 and $697.
Netflix (NFLX) shares jumped in extended trading Thursday after the streaming giant posted first-quarter earnings that topped Wall Street expectations, boosted by higher subscription…
