Netflix Stock Sees IBD Relative Strength Rating Rise To 73

Netflix (NFLX) saw a positive improvement to its Relative Strength (RS) Rating on Thursday morning, rising from 67 to 73. As well, the RS line is trending higher, although not quite at new highs.

As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary RS Rating identifies technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 in the early stages of their moves. See if Netflix can continue to show renewed price strength and hit that benchmark.

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Netflix stock is in a buy zone after clearing a 593.39 entry in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it’s best to wait for it to set up another buying opportunity..

The company showed 87% earnings growth in its most recent report. Revenue rose 19%. Keep an eye out for the company’s next round of numbers on or around Oct. 20.

Netflix stock holds the No. 1 rank among its peers in the Leisure-Movies & Related industry group.


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