Netflix: sellers retake control
Netflix drops 5.5% as sellers retake control of the decline again
Netflix: sellers retake control
Our view last week
Netflix is in week 10 of a sell signal, and the week just closed with a 5.2% rebound: the stock ranks 48th among the 137 US sell signals. Strength has dropped to 22 out of 100, describing a fading decline, with the price moving back toward the Inversion Point. The trade is still up 15.7% since entry.
This week's summary
Netflix shares dropped 5.5% this week, wiping out most of last week's rebound: sellers came back to dominate volume and distribution deepened. The price is retesting June's double bottom, in the 71 area, while the weekly ADX climbs and the downtrend gains conviction. With earnings due on July 16, tension stays high: the short, under management for 11 weeks, sits in profit at 20.3%.
IQS Phase
85
in tension / maturity
Signal Strength
44
decline starting to make lower lows
Sizing
REDUCED
Ranking
#18 / 137
US stocks
Trade P&L %
+20.30%
from signal to today
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