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Netflix stock has gained enough for long enough to produce a bullish ‘golden cross’

Por: MarketWatch Business November 19, 2022

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After closing at a record $691.69 on Nov. 11, 2021, Netflix shares plunged 76% to a five-year low of $166.37 on May 11. Since, the stock has come out of nowhere to book a 73% gain through afternoon trading on Friday. BofA Securities analyst Jessica Reif Ehrlich resumed coverage of Netflix last week with a buy rating and $370 stock price target, saying the new should help ramp profitability. The stock is now on the verge of producing, as early as... + full article



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