Netflix looks like a good risk reward play here as it hits the 200-day EMA and fills a large open gap. Any fall below those levels and it's over.
http://www.tsptalk.com/images/mb/040714a.gif
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Netflix looks like a good risk reward play here as it hits the 200-day EMA and fills a large open gap. Any fall below those levels and it's over.
http://www.tsptalk.com/images/mb/040714a.gif
I'm in @ 338.20. My mental stop won't be too much lower than 320 - 315.
I was just thinking about this on Friday, because I had read that Netflix had lost 20% over the last few weeks over growing concerns from competition. Now you can't tell me you'll get a bump of some what when Netflix premieres it's Orange is the New Black season 2? If I remember correctly, stocks got a small bump from House of Cards.
Netflix flirted with my "mental stop", and I likely would have sold had it closed below the January low of 320 last Tuesday, but it never did. I gave it a few days and it made its way back above the 200-day EMA and into the open gap area again. Tonight it reports earnings and this is probably the make or break for this trade. NFLX is usually a big mover on earnings day and I feel like I'm flipping a coin. But as far as the chart goes, it will either resume its downtrend, or it found its bottom near the 200-day EMA after filling a large open gap.
http://www.tsptalk.com/images/mb/042114a.gif
Netflix is on the move again...
http://www.tsptalk.com/images/mb/051914a.gif
May be good long term....Netflix to launch in six more European countries this year | Reuters
Don't go bringing the fundamentals into this. :laugh:
jk
Netflix is puking after hours after its earnings report (down $84 a share as I write this)...
NFLX: Summary for Netflix, Inc.- Yahoo! Finance
Update: Now down $106 a share :eek: