Nflx stock price forecast technical analysis for the NFLX stock

Technical analysis for the NFLX stock price forecast shows the 50-day moving average trending upward. Momentum indicators suggest a likely retest of $710 in the next three weeks if trading volume continues to expand. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Netflix NFLX released its second-quarter earnings report on July 17. Here’s Morningstar’s take on Netflix’s earnings and stock.