Netflix's most recent trend suggests a bullish bias. One trading opportunity on Netflix is a Bull Put Spread using a strike $330.00 short put and a strike $320.00 long put offers a potential 40.06% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $330.00 by expiration. The full premium credit of $2.86 would be kept by the premium seller. The risk of $7.14 would be incurred if the stock dropped below the $320.00 long put strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Netflix is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Netflix is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Netflix
Blockbuster to close U.S. retail stores, mail DVD operation
Wed, 06 Nov 2013 22:35:41 GMT
USA TODAY – Blockbuster will close its 300 stores by early next year and close the mail DVD operation
Dish to close rest of its Blockbuster stores in US
Wed, 06 Nov 2013 21:40:03 GMT
AP – The final curtain is falling on the remaining Blockbuster video-rental stores that Dish Network Corp. runs in the U.S. About 300 Blockbuster locations scattered around the country will be closed by early …
Blockbuster on Death Row, All Stores to Close by January
Wed, 06 Nov 2013 21:05:00 GMT
TheStreet – have hammered the final nail into Blockbuster's coffin: parent company Dish Network announced it will close all Blockbuster retail locations by January. Dish Network said it will cease Blockbuster operations across its 300 remaining U.S.-based stores as well as in its mail DVD distribution warehouses. “This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment,” said Dish CEO Joseph P. Clayton in a statement.
Earnings Preview: CBS continues outperformance ahead of Q3 report
Wed, 06 Nov 2013 20:50:02 GMT
theflyonthewall.com – Earnings Preview: CBS continues outperformance ahead of Q3 report
Netflix and Redbox Finally Kill Blockbuster
Wed, 06 Nov 2013 19:50:06 GMT
Motley Fool – Blockbuster will close its remaining stateside stores. Netflix and Outerwall win again.
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