(Finance) – Excellent performance for Netflixwhich is trading up 3.88%.
To act as an assist to the actions contributes the promotion coming from Oppenheimer analysts: the target price of the streaming giant’s stock has been raised to $500 from the $450 previously indicated.
The trendline of the stock on a weekly basis moves parallel to that of the NASDAQ 100as evidence of the fact that the movement of the company active in the video on demand sector suffers the pressure of the market to which it refers, rather than events related to the security itself.
The medium-term analysis confirms the positive trend of Netflix. Although the short-term highlights an easing of the upside line at the test of the USD 439.4 top. First support seen at 425. Technically a negative development is expected in the short term towards the support 416.8.