Netflix (NFLX) is not a stock that usually meanders sideways, but that is exactly what it has done for the past 5+ months. You can see the sideways track that NFLX has taken recently in the chart below pulled from our Security Analysis page that’s available to Bespoke Institutional members.
Over the last 100 trading days, the high/low closing spread for Netflix (NFLX) has been 19.5%. Below is a chart showing the rolling 100 trading day high/low spread for NFLX since it IPOd, and as you can see, the current spread is as tight as the stock has seen throughout its history. It could certainly get tighter, but we would expect this stock to break either higher or lower in a big way sometime soon given the long consolidation phase that it’s currently in.