Netflix Stock Price Levels to Watch as Earnings Report Set for Thursday
Key Takeaways
- Netflix shares are in focus this week as the streaming giant gets set to release its quarterly results on Thursday.
- After running into selling pressure near the top trendline of an ascending channel, the stock has continued to move lower, breaking down below the pattern’s lower trendline late last week.
- Investors should watch key lower levels on the Netflix chart around $1,200, $1,110 and $1,065, while also monitoring an important overhead area near $1,340.
Netflix (NFLX) shares are in focus this week as the streaming giant gets set to post its quarterly results after markets close on Thursday.
Given the company no longer reports its subscriber numbers, investors will be monitoring if recent subscription price…
