Netflix Stock Shows A Rising Relative Strength Rating Of 70+

On Thursday morning, Netflix (NFLX) earned a positive adjustment to its Relative Strength (RS) Rating, from 68 to 74.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Netflix can continue to rebound and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Netflix stock is in a buy range after clearing a 593.39 buy point in a consolidation. The proper buying range is up 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..

Netflix Stock showed 87% earnings growth in the latest quarterly report. Sales increased 19%. Keep an eye out for the company’s next round of numbers on or around Oct. 20.

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


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