NASDAQ:NFLX   NETFLIX INC
221 3 0
Buyers of NFLX             have been hanging around the 50 EMA. Yesterday NFLX             had
a bounce off the 50 as buy programs kicked in. I highlighted Stochs to what happened
when it got oversold.
This is a low risk setup as I still see this stock shooting up to the top of the "Ichan" candle fiasco.
NFLX             is in a uptrend so the only trade I will take is to the long side

Still needs confirmation for me to get above the 8 day ema

NFLX             reports earnings 1-22-14 after market. The options market has about a 15 dollar move priced in plus or minus over the
next 10 days. Streaming subscribers have been increasing for their sales and are projecting higher

JPHooie
3 years ago
I like this idea...
Reply
JPHooie
3 years ago
opened below the 50 ma today... gonna watch it over the next couple of days
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paulyberndt PRO
3 years ago
NFLX does have headwinds though with Google and Amazon now as streaming video services expand. They have been yapping about the valuation but with the Morgan downgrade this morning it should make this more attractive to buyers going into earnings. I dont think this will sell off to long though
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