TradingKey – Netflix closes trading on Friday at $81.72, just $0.01 from our chart price. Fundamentally, the picture is positive.The company reported strong double digit growth in Q2 revenue and a near doubling in advertising commitments in the USA. More impressively, more than 60% of new global subscribers signed up for the company’s ad supported streaming plan in markets where it is available. The companies’ growth will likely be slower in Q3, and the current macro environment poses some risk for tech companies trading on high multiples.