NFLX still bullish

Netflix Inc. (NFLX) scored a timely FusionIQ BUY signal back in February in the mid 20's and the stock subsequently ran.  Recent activity in shares still looks like a bullish pause or consolidation before shares look to move higher.  With a Fusion IQ Master score of 86 and a FusionIQ technical score of 97 things still appear bullish for NFLX.  As we always say we love stocks that act well when most stocks don't and NFLX has weathered this corrective activity better than the majority of stocks out there.  This conviction on the part of buyers to boost shares in the face of general market weakness is bullish.  Though it sounds absurd the present point and figure target on NFLX is $ 61.00, so assuming there is some validity in this unbiased price projection there is still plenty of upside left for investors that missed the earlier FusionIQ BUY signal.


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