Netflix Selling Ahead?
Netflix tends to see a very weak seasonal period at the end of July. The reasons for this pattern are not obviously clear, but they are very notable.
Take a look at the details here. Over the last 19 years, Netflix shares have dropped 15 times between July 13 and July 26. The largest loss was a huge 40% drop during 2004. The largest gain was still an impressive 19.51% in 2017. Either way, this is a volatile time for Netflix.
More falls ahead for July?
Major Trade Risks: Any positive results for Netflix can negate this outlook or positive global growth sentiment.
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