Netflix Stock Forecast For 2015 Based On A Predictive Algorithm, Part II
Summary
- NFLX is up more than 18% Wednesday after its Tuesday earnings report.
- Strong subscription growth has been made possible because of international expansion.
- Netflix will complete its global expansion in the next two years, remaining profitable over that period.
- I Know First published a bullish forecast for Netflix on January 9th.
Algorithmic Analysis
As posted on the first Netflix article, Netflix's position on the algorithmic charts indicates a strongly bullish signal for the company in the three-month and one-year time horizons. In the article published on January 9th, I Know First claimed it would not take as long for the stock price to rebound this time, and that investors should be on the lookout for the earnings report released on January 20th.
