Netflix's most recent trend suggests a bearish bias. One trading opportunity on Netflix is a Bear Call Spread using a strike $270.00 short call and a strike $275.00 long call offers a potential 66.67% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $270.00 by expiration. The full premium credit of $2.00 would be kept by the premium seller. The risk of $3.00 would be incurred if the stock rose above the $275.00 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 at 28 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
YouTube reportedly scaling back its premium tier for original content
Wed, 28 Nov 2018 04:34:00 +0000
YouTube is reportedly pivoting away from its premium subscription tier just eight months after it launched. YouTube's original programming, which includes shows such as the "Karate Kid" spinoff "Cobra Kai," will be available to all viewers, with ads, starting in 2019, Business Insider reported Tuesday. Separately, the Hollywood Reporter said Tuesday that the unit of Alphabet Inc.'s Google will scale back its production of scripted content starting in 2020. While neither reported YouTube Premium — the $11.99-a-month subscription service — would close, it is unclear how many viewers would continue to pay, when the same content would be available for free, though with ads. The Hollywood Reporter said YouTube's budget for original programming is in the hundreds of millions of dollars, far less than the billions spent by competitors such as Netflix Inc. and Amazon.com Inc. , and it struggled to find top talent. Since its launch earlier this year, YouTube has not revealed how many subscribers its premium service has.
AT&T Is Streamlining Its Streaming Strategy
Wed, 28 Nov 2018 02:19:00 +0000
Its acquisition of Time Warner has led to the shuttering of niche streaming services and a new direction under a more unified approach.
Can Niche Streaming Services Survive?
Wed, 28 Nov 2018 00:46:00 +0000
AT&T is getting out of the niche streaming services market, but others are still giving it a go. Can small streaming services succeed in a market dominated by giants?
Netflix (NFLX) Outpaces Stock Market Gains: What You Should Know
Tue, 27 Nov 2018 22:45:10 +0000
Netflix (NFLX) closed at $266.63 in the latest trading session, marking a +1.99% move from the prior day.
Amazon Cyber Monday Sales Highlight its Expanding Advertising Business
Tue, 27 Nov 2018 22:44:10 +0000
Amazon's Thanksgiving holiday shopping sales reinforced its continued e-commerce domination and also highlighted its growing advertising business.
Related Posts
Also on Market Tamer…
Follow Us on Facebook