Netflix's most recent trend suggests a bearish bias. One trading opportunity on Netflix is a Bear Call Spread using a strike $124.00 short call and a strike $129.00 long call offers a potential 39.28% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $124.00 by expiration. The full premium credit of $1.41 would be kept by the premium seller. The risk of $3.59 would be incurred if the stock rose above the $129.00 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 above 80 which suggests that the stock is in overbought territory.
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
Ubisoft CEO reiterates desire to keep group independent, eyes Netflix series
Mon, 07 Nov 2016 10:37:51 GMT
Comcast Is Launching Netflix on Set-Top Boxes (CMCSA, NFLX)
Mon, 07 Nov 2016 10:35:00 GMT
A stock-market sector smackdown: Which of these tech giants is the champ?
Mon, 07 Nov 2016 10:02:25 GMT
AT&T Rivals Make Wish Lists as Review of Time Warner Deal Begins
Mon, 07 Nov 2016 10:00:00 GMT
The State of the Market, Right Now
Sun, 06 Nov 2016 00:30:35 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook