360° Coverage : Relative Strength Alert For Netflix

2 Updates

Relative Strength Alert For Netflix

Jan 10 2014, 12:18pm CST | by

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a...

Filed under: news

 
 
 

33 weeks ago

Relative Strength Alert For Netflix

Jan 10 2014, 12:18pm CST | by

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Friday, shares of Netflix Inc. (NASD: NFLX) entered into oversold territory, hitting an RSI reading of 29.6, after changing hands as low as $333.075 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 58.3. A bullish investor could look at NFLX’s 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of NFLX shares:

Looking at the chart above, NFLX’s low point in its 52 week range is $95.75 per share, with $389.16 as the 52 week high point — that compares with a last trade of $333.26. Find out what 9 other oversold stocks you need to know about »

According to the ETF Finder at ETFChannel.com, NFLX makes up 3.45% of the NASDAQ Internet Portfolio ETF (NASD: PNQI) which is trading lower by about 0.7% on the day Friday.


Special Offer: Establish a secure stream of income during your retirement years by following the Retiree Income Portfolio with this free 30 day trial


Source: Forbes Business

/>/>
 
Update
2

2 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) and slashing the workforce of 20 ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

3 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of MH370 an ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Japan announces 3.5 trillion yen investment to India
Tokyo, Sep 1 (IANS) Japan Monday announced public-private investment of 3.5 trillion yen (Rs.2.03 trillion) in India.
 
 
Man with 'disconnected' brain, alive and kicking at 88!
New York, Sep 1 (IANS) This may sound and read unbelievable but there is an elderly man whose brain has no neural fibre connection between his two hemispheres!
 
 
Ebola toll in Guinea 460
Conakry, Sep 1 (IANS) At least 690 Ebola virus disease cases have been confirmed in Guinea, out of which 460 people have died, the latest data released by the health ministry here shows.
 
 
Caffeinated 'energy' drinks bad for heart
London, Sep 1 (IANS) "Energy" drinks which are so popular during physical exercise and even otherwise among children and younger adults can cause heart problems, a research shows.
 
 
 

Latest from the Network

Japan announces 3.5 trillion yen investment to India
Tokyo, Sep 1 (IANS) Japan Monday announced public-private investment of 3.5 trillion yen (Rs.2.03 trillion) in India. India and Japan held official talks Monday in the third day of Prime Minister Narendra Mdoi's five-...
Read more on Politics Balla
 
England's approach to spin bowling flawed: Sourav Ganguly
London, Sep 1 (IANS) Former India cricket captain Sourav Ganguly has said flawed approach to spin bowling and failure to score runs freely are the main factors that are troubling England in the ODIs. As India close in...
Read more on Sport Balla
 
Indian found dead in Qatar
Dubai, Sep 1 (IANS) An Indian man was found dead at his house in Qatar's Al Wakrah city, a media report said Monday. The victim was identified as Sirajul Muneer, 38, a driver at a local household, the Gulf Times...
Read more on Politics Balla
 
Modi makes a veiled attack on global powers
Tokyo, Sep 1 (IANS) In a veiled attack on the global powers, Prime Minister Narendra Modi said Monday that the world was witnessing expansionism as seen in the 18th century but it needed to take the path of development...
Read more on Politics Balla
 
1,420 people killed in Iraq in August: UN
Baghdad, Sep 1 (IANS) A total of 1,420 Iraqis have been killed and 1,370 injured in terrorist attacks and violence during August, the UN Assistance Mission for Iraq (UNAMI) said in a statement Monday. The statement...
Read more on Politics Balla
 
Flamengo extend winning streak in Brazil's Serie A
Rio de Janeiro, Sep 1 (IANS) Alecsandro converted a late penalty to hand Flamengo a 2-1 victory over Vitoria in Brazil's Serie A championship. The veteran striker coolly netted from the spot after Juan handled Gabriel...
Read more on Sport Balla
 
Man with 'disconnected' brain, alive and kicking at 88!
New York, Sep 1 (IANS) This may sound and read unbelievable but there is an elderly man whose brain has no neural fibre connection between his two hemispheres! For a layman, human brain is divided into two hemispheres...
Read more on Apple Balla
 
Ebola toll in Guinea 460
Conakry, Sep 1 (IANS) At least 690 Ebola virus disease cases have been confirmed in Guinea, out of which 460 people have died, the latest data released by the health ministry here shows. A total of 143 patients were...
Read more on Business Balla
 
Southern African Development Community discusses Lesotho coup attempt
Pretoria, Sep 1 (IANS) The Southern African Development Community (SADC) Monday continued its meeting here on the attempted coup by Lesotho's military. Present at the meeting were SADC Chairman and South African...
Read more on Politics Balla
 
Iraqi forces recapture key town
Baghdad, Sep 1 (IANS) Iraqi security forces Monday recaptured the town of Sulaiman Beg in Salahudin province after more than two months of being under siege by the Islamic State (IS) Sunni extremist organisation, an...
Read more on Politics Balla