Options Oracle: 07/31/14


We have had great success with NFLX in the past and it looks as though we have been given another chance to do the same. As you can see from the daily chart of Netflix, the price action for today’s stock is showing a lower high and lower low as compared to yesterday’s price action. This tells us the sellers are moving in. Although I don’t think this stock is going to “storm” lower, I do think it will drift gradually lower over the next couple of weeks in an attempt to test the role-reversal line near the 200-day moving average.

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