Netflix's most recent trend suggests a bearish bias. One trading opportunity on Netflix is a Bear Call Spread using a strike $302.50 short call and a strike $307.50 long call offers a potential 26.58% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $302.50 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $307.50 long call 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 at 44.53 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Netflix
Disney+ Passes 22 Million Downloads: Time to Ditch NFLX & Buy Disney Stock?
Wed, 11 Dec 2019 23:58:11 +0000
Disney+ downloads passed 22 million on mobile devices, the independently owned app-tracking company Apptopia announced Tuesday.
Buy Amazon (AMZN) Stock on the Dip Before a 2020 Rally?
Wed, 11 Dec 2019 22:04:10 +0000
Is now the time to buy Amazon stock on the dip heading into 2020 with AMZN stock down 6% in the last six months?
With Nearly 30M Views In A Week, Here's How ‘The Irishman' Whacks Scorsese's Other Crime Epics
Wed, 11 Dec 2019 21:40:11 +0000
“The Irishman,” the new crime epic from Martin Scorsese, was streamed on more than 26 million accounts around the world in the film’s first week on the Netflix Inc. (NASDAQ: NFLX) streaming platform, the company said. Netflix estimates the film will be streamed by more than 40 million account holders in its first 28 days. It’s tough to say exactly how many actual viewers that is, but it’s safe to say the viewership number is larger, because more than one person is often likely watching the movie together, Netflix says.
Disney+ Hits These New Milestones Just A Month After Launching
Wed, 11 Dec 2019 21:02:05 +0000
Disney+ streaming service has hit 22 million downloads a month after launch, generating $20 million, new research shows.
Jim Cramer: Why I Became a Tesla True Believer but Remain a Netflix Skeptic
Wed, 11 Dec 2019 19:01:00 +0000
Sometimes though, like in this market, where the animal spirits – bullish animal spirits – can bowl you over, sometimes you have to take a stand, and that's exactly what I've been doing with Tesla and what I've gone back and forth on with Netflix , the two biggest hornets' nests of our generation. You can't put a price to earnings ratio on cool, on but you might buy cool and therefore want to buy the stock. For example: if you like it you might want to buy the stock but be careful of the balance sheet.
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