Netflix Nears Buy Point, Leads Rising Movie Industry

By | June 23, 2014

Scalper1 News

Netflix (NFLX) has led a surge in movie-related stocks in recent weeks as the online video distributor closes in on a buy point. The Leisure-Movies & Related group has risen to No. 40 out of IBD’s 197 industry groups, up from No. 152 just six weeks ago, according to the ranking in Monday’s IBD. Netflix, whose 95 Composite Rating puts it at the top of the group, is just below a 458.10 buy point of a deep cup-without-handle base. The stock has risen Scalper1 News

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