A new position of mine, $NFLX, is breaking higher this morning on William Blair’s upgrade. Mr. Blair states that there is 50% upside for the stock here, and people are once again underappreciating their original content.
He also suggests the potential of the millennial demographic shift to reach Netflix’s long term subscriber of 60-90 million is also being underappreciated.
Here’s a daily technical look of $NFLX:
