Netflix (NFLX) Continues to Soar

Nobody told Netflix (NFLX) that there was a correction in the stock market.  The stock has been on a tear for months now, and it is already up 120% year to date.  Since the April 23rd market peak, the stock is up 21%.  It did stumble a bit in mid May, but it never broke below its 50-day moving average.  Netflix is one stock that has remained in a strong uptrend.  You won't see many chart patterns like the one below at all in the current market environment.

Comments

[Living Off Dividends & Passive Income]

So would you recommend buying it at this price?

[In-sanity]

All the fundamentals are WAY out of whack, short this helium balloon.

[Bill]

The trend can be your friend , but don't bet the farm on one cow

[J Beel]

Wouldnt touch it with a 10 foot pole, the insiders will probably unload soon......