Stock Of The Day: Classic 'Flag' Pattern In Netflix Could Mean A Move Higher

Core Viewpoint - Netflix, Inc. is experiencing a period of consolidation in its stock price, with indications that a bullish trend may soon resume, as evidenced by the formation of a classic 'Flag Pattern' on its chart [1][4]. Technical Analysis - Technical analysts identify patterns such as 'Flag Patterns' which suggest potential upward movement in stock prices following a consolidation phase [1][3]. - A 'Flag Pattern' indicates that after a period of aggressive buying, traders may temporarily step back, leading to lower trading volumes during the consolidation phase [3][4]. - The current low volume trading in Netflix suggests that while the stock has not declined, it may be poised for a new uptrend as traders return to the market [4].