Netflix post-earnings reaction muted A large number of firms have raised price targets in the wake of the Netflix (NFLX) earnings report, but the price reaction has been very muted compared to those jumps in objectives. In the pre-market the shares were last up just over 1.1% to $205.10. While this is a new life high, it is an extremely small price move compared to other earnings events. There may be a potential for a short-term reversal back down to the $200 area before a move higher. If there is a move back higher, the $210 area is initial resistance. That level was touched in the extended session yesterday before price appreciation became more muted
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