Today, I will be analyzing Netflix (NFLX). I have gotten a lot of questions recently about recommended trades for Netflix. Here is my analysis along with my final trade:
Fundamentals: Netflix has great fundamentals. Good management and standing out in an industry bodes very well for Netflix. Blockbuster's bankruptcy is great news for Netflix, not that Blockbuster was anything they were worried about... Very clean balance sheet with only a small amount of debt. No dividend, which is a bummer. However, NFLX is up 195% YTD!!
Technicals: This is the rough area for Netflix. Indicators across the board signal a strong overbought signal.
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