Netflix Inc. (NASDAQ:NFLX) has been one of Wall Street's top binge-worthy stocks, surging nearly 94% over the past year and up more than 40% year to date. But ahead of its second quarter earnings report Thursday after market close, there's tension in the charts — and investors may want to grab the popcorn.
Netflix is expected to post earnings per share of $7.06 on revenue of $11.04 billion, per Benzinga Pro data, riding on the back of password-sharing crackdowns, advertising expansion and a stronger-than-expected content slate. Yet, despite its strong run, technical indicators suggest some turbulence may be ahead.
