NFLX is not a preferred swing trade due to downgrade and content concerns, but is interesting for day trading.
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Netflix got downgraded today. I have a key level here. We're almost at this key level around 7150 or so. That is the first area of support. They got a downgrade today. I believe, and this was kind of sad to see, but it is what it is.
The analyst downgraded the company to a I believe it was like a $52 price target. So, it's not a good price target. They highlighted the second half of the year, their their quality of content degrading, maybe not as being as strong, and lots of other factors out there, which listen, in all fairness, is is kind of true.
I don't know how many of you guys have been on Netflix, but I I am struggling these days to find good stuff to watch. Maybe there is some, maybe I just don't have the time to research it at this point.
But either way, the downgrade is pushing the stock down. Do I like it as a swing trade here? No. But as a day trade, it is peing my interest today. So Netflix is on the radar.
What this channel has said about $NFLX
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