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Double Bottom / Failed Breakdown in NFLX

Home › Forums › Swing Trades › Double Bottom / Failed Breakdown in NFLX

  • This topic has 0 replies, 1 voice, and was last updated 8 years, 10 months ago by Steven Place.
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  • July 29, 2014 at 9:47 am #2424
    Steven Place
    Keymaster

    I’ve been stalking NFLX for the turnaround, as the stock wasn’t seeing as much downside followthrough on earnings.

    nflx

    It’s now making a higher high and will go to retest 435 to see if those sellers will come back.

    Here’s the trade:

    Sell to open NFLX Aug 415/410 bull put spreads for 1.35

    nflx

    Stop out on a loss of 415

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