News Formal

Netflix earnings: Watch these two levels carefully ahead of the much-anticipated report, trader says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

With Netflix's third-quarter earnings report on deck, two traders break down their expectations for the streaming giant's results.

"If it fails and it rolls back over and breaks below the 510 level — that's its trend line going back to March — it probably means it's going to go down and test the summer lows down in the mid-400s," he said. "I'm looking at 550 to the upside, 510 to the downside. Whichever way that is broken will lead to a very big move in Netflix. So, still look for a lot out of this stock before the year is out.

"Whenever Netflix had a bad quarter in the past, it was because of churn. But in my opinion, nobody's really canceling their Netflix subscriptions right now," Tepper said in the same "Trading Nation" interview.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‘Tenet’ Spurs Private Watch Party Business Boom For Cinemark TheatresEXCLUSIVE: Chaotic times call for creative measures, and in the midst of a box office that’s been greatly impacted by the pandemic, not to mention the lack of major studio tentpoles, exhibiti…
Source: DEADLINE - 🏆 109. / 63 Read more »