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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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tradewithZEN
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zentrader.ca
  • Why We Locked In Gains On NFLX 2 comments
    Aug 13, 2013 11:38 AM | about stocks: ESRX, NFLX
    We locked in gains on NFLX today. Why?

    Take a look at the chart below of ESRX:

    (click to enlarge)

    Now take a look at NFLX, look familiar?

    (click to enlarge)

    Rather than hope NFLX goes up here we took what we know and ran with it. What we know is that we have a 10 point gain or more than $500 in profits. What else we know when we operate from a "Trade What We See " stance is that it has a bear channel here. So we took the money and ran.

    To learn more, sample our premium service for 15 days with no credit card required. Promo code: zen

    Stocks: ESRX, NFLX
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Comments (2)
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  • clay82
    , contributor
    Comments (13) | Send Message
     
    You thinking bear flag for NFLX?
    13 Aug 2013, 12:01 PM Reply Like
  • Jeff Pierce
    , contributor
    Comments (942) | Send Message
     
    Author’s reply » It certainly isn't a bullish chart!
    13 Aug 2013, 04:49 PM Reply Like
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