If no Momentum, Or pullback in these area's for 7/27/2020.Void trade. This is easy money! Why Netflix, Inc. Stock Was Falling Today Shares of the top video streamer took a hit on concerns about a trade war. The Los Gatos, California, company so far has been borrowing heavily to finance a highly acclaimed slate of programming that garnered 117 Emmy nominations, second only to HBO's 137 nominations a mong all networks.The increasingly crowded field vying for viewers' attention and money has led to questions about whether Netflix will be able to maintain the rapid rate of subscriber growth that has made its stock as one of Wall Street's premier performers during the past decade.Be in the know.
See red support lines on price and RSI charts - these will soon be broken to downside if my idea is correct.Today I bought...Uptrend1 target 556.502 target 658.80EARNINGS:A bunch of earnings next week, particularly in the financials sector:C (40/58/14.1%): Tuesday before market open.DAL (50/95/23.0%): Tuesday before market open.JPM (38/49/12.1%): Tuesday before market open.WFC (58/63/15.4%): Tuesday before market open.GS (31/48/11.7%): Wednesday before market open.EBAY (71/56/13.4%): Wednesday before market...Please study the chart. From our original FIbo Analysis, is now in the .382 fibo zone and trying to get back to the .50 level. Netflix shares have fallen below the 8, 13, and 21 EMAs. I would believe that the "big mass" of subscriber has passed and therefore there is more likely that the price goes souther. Here the directional moving index shows positive and negative lines, and the average. We like 130 pip Sl/Target. See the high RSI. Kindly do your own due diligence...NFLX has a HUGE gap to 525. There are two vertical dotted lines to show the points being compared. Increasing likely hood of testing key resistance areas. Interesting...Forward P/E 55.61 (Tech here FYI)P/E 86.54EPS this year +46.90EPS Q/Q +165.10%ROE +33.3%Gross Margin +40.8%Profit Margin 11.9%-15% from 52W HighNice bullish channel What's not to love?May drop to the bottom of the bollinger or wedge, and be a great entry for a long. Netflix stock dropped another 35 percent Tuesday after the online movie and video company said it had lost 800,000 members.
AT&T will also join the fray next year with HBO Max and NBC is expanding into video streaming, too.Netflix's video streaming service suffered a dramatic slowdown in growth during its traditionally sluggish spring season, a drop-off coming as the company girds for even stiffer competition.Copyright © 2020 CBS Interactive Inc. All rights reserved.Part of that outgoing money will go toward the development of more original shows to replace some of the programming that it has been licensing from Disney, AT&T and NBC, all of which are reclaiming the rights for their own streaming services. Netflix stock drops more than 10% as earnings show huge decline in new subscribers Published: July 18, 2019 at 7:25 a.m. "The competition for winning consumers' relaxation time is fierce for all companies and great for consumers," Netflix said in a letter to shareholders.Signaling it expects to regain some momentum this summer, the company projected it will add 7 million subscribers from July through September. Netflix stock dropped after the company said it added 5.2 million users in the second-quarter, below what analysts had been forecasting.