"If it fails and it rolls back over and breaks below the 510 level — that's its trend line going back to March — it probably means it's going to go down and test the summer lows down in the mid-400s," he said. "I'm looking at 550 to the upside, 510 to the downside. Whichever way that is broken will lead to a very big move in Netflix. So, still look for a lot out of this stock before the year is out.
"Whenever Netflix had a bad quarter in the past, it was because of churn. But in my opinion, nobody's really canceling their Netflix subscriptions right now," Tepper said in the same "Trading Nation" interview.
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: DEADLINE - 🏆 109. / 63 Read more »