Market Overview

Netflix Higher Ahead Of Q1 Report

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Netflix, Inc. (NASDAQ: NFLX) shares are trading higher by $3.00 at $145.92 in Monday's session. After the close, the company will report its first-quarter earnings. Street estimates for EPS stand at $0.37 with revenues of $2.64 billion.

The company is looking to extend its EPS string of beats to the sixth quarter in a row and fifth quarter in a row for revenues. Longer term, the company has beat for revenues in all but one quarter going back to Q2 of 2012.

So far, the issue has bottomed on its opening print of $144.43 and has continued in that direction. At this time, the rally is pausing ahead of its April 5 high ($146.25), as the current high rests at $146.14. If the rally continues, there may be limited resistance until its April 4 high of $147.09.

Posted-In: News Technicals Intraday Update Movers Tech Media Trading Ideas

 

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