Tag Archives: nflx

Netflix, Schlumberger Stocks Just Did This, While Apple Falls Short

Netflix ( NFLX ), Schlumberger ( SLB ), AbbVie ( ABBV ) and MasterCard ( MA ) all rose above their 200-day moving averages Tuesday, while Apple ( AAPL ) shares continued to close just below that support level. It’s not a huge surprise that several big-cap stocks retook their 200-day lines. The Nasdaq also did so on Tuesday. The Dow and S&P 500 have been above that level for weeks. Still, it’s a key step on the road to recovery. Netflix Netflix, which reports Q1 earnings on Monday, rose 4.2% on the stock market today to 107, its best level since late January. Netflix had run into resistance for several sessions just below the 200-day. Netflix has been consolidating since peaking at 133.27 on Dec. 7. Schlumberger Schlumberger rallied along with the energy sector, as crude futures rose above $42 a barrel to a 4-month high. Schlumberger rose 2.7% Tuesday to 75.90, topping its 200-day line for the time since last June. AbbVie AbbVie rose 2.4% Tuesday, just getting above its 200-day line. It hasn’t been consistently held above that level since last August. Late Monday, the FDA approved a leukemia drug by AbbVie and Roche ( RHHBY ) unit Genentech. MasterCard MasterCard rose 0.4% Tuesday to 93.86. The stock has been finding support at or above its 200-day line for the past few weeks. The stock is forming a cup-with-handle base going back to Nov. 11. Apple As for Apple, shares rose 1.3% to 110.44, just below the 200-day line at 110.78. Apple crossed its 200-day on April 4 intraday, but has yet to close above that level since early October.

Apple, Facebook, Netflix Stocks Facing Key Technical Tests

Facebook ( FB ), Apple ( AAPL ) and Netflix ( NFLX ) are among the coolest and widely used tech companies. But their stocks have struggle to break through key levels in recent sessions. Facebook is trying to stay in sight of a buy point, while Apple and Netflix keep bumping into resistance at their 200-day moving averages. Facebook A Buy, or Bye-Bye? Facebook holds its big F8 Developers Conference on Tuesday and Wednesday, with analysts and investors eager to hear what Mark Zuckerberg has on offer. The stock has formed a cup-with-handle base that started when it peaked at 117.59 on Feb. 2. The buy point was 117.09. But Facebook is moving away from a buy area. Shares fell 2.7% on Friday and 4.7% for last week. Facebook fell 0.4% in afternoon trade on the stock market today after falling intraday as low as 108.77, briefly undercutting its 50-day moving average. Facebook users are posting less on the site, according to Friday reports that helped pushed the stock lower. Get a better read on Facebook’s stock health and how it stacks up vs. rivals at IBD Stock Checkup Apple Looks To Break Above 200-Day Apple rallied nearly 18% from its recent low of 92.39 on Jan. 28 to 108.66 on Friday but was still down 19% from its record high of 134.54 set in April 2015. Apple stock rose 1.2% in afternoon trade Monday, making another run at its 200-day line. Twice last week Apple closed within 20 cents of its downward sloping 200-day moving average. The stock hasn’t closed above the line since early October. Apple recently released a new 4-inch iPhone SE along with a smaller iPad Pro. Both have gotten solid reviews, but neither is likely to be a huge blockbuster. Apple is expected to post its first year-over-year sales decline in years later this month. Sales may continue to struggle at least until Apple releases its iPhone 7 later this year. Netflix Seeks To Rewrite Script Netflix hasn’t closed above its 200-day average since Jan. 20. Twice last week the stock crossed that technical line intraday but ended below that level. Netflix rose 0.5% in afternoon trade after three straight fractional losses. On Friday, Wall Street analyst Richard Greenfield said Walt Disney ( DIS ) should buy Netflix. A Disney-Netflix deal would give the Mouse a leader in video streaming and provide a possible future leader in Netflix CEO Reed Hastings. That unsolicited advice didn’t move Netflix’s stock though. Netflix is spending heavily on expansion and content. While revenue growth has been strong and consistent, profits have fallen for the last three quarters and aren’t projected to rise until Q4 2017. But analysts are betting on powerful earnings growth from 2018-2021.

Apple, Facebook, Netflix Stocks Face Key Technical Tests

Facebook ( FB ), Apple ( AAPL ) and Netflix ( NFLX ) are among the coolest and widely used tech companies. But their stocks have struggle to break through key levels in recent sessions. Facebook is trying to stay in sight of a buy point, while Apple and Netflix keep bumping into resistance at their 200-day moving averages. Facebook A Buy, or Bye-Bye? Facebook holds its big F8 Developers Conference on Tuesday and Wednesday, with analysts and investors eager to hear what Mark Zuckerberg has on offer. The stock has formed a cup-with-handle base that started when it peaked at 117.59 on Feb. 2. Shares have formed a handle with a buy point at 117.09. But Facebook fell 2.7% on Friday and 4.7% for the week and its stock is now closer to its 50-day line than buy area. Facebook users are posting less on the site, according to Friday reports that helped pushed the stock lower. Get a better read on Facebook’s stock health and how it stacks up vs. rivals at IBD Stock Checkup Apple Looks To Break Above 200-Day Apple has rallied nearly 18% since hitting 92.39 on Jan. 28 to 108.66 but is still down 19% from its record high of 134.54 set in April 2015. Twice last week Apple closed within 20 cents of its downward sloping 200-day moving average. The stock hasn’t closed above the line since early October. Apple recently released a new 4-inch iPhone SE along with a smaller iPad Pro. Both have gotten solid reviews, but neither is likely to be a huge blockbuster. Apple is expected to post its first year-over-year sales decline in years later this month. Sales may continue to struggle at least until Apple releases its iPhone 7 later this year. Netflix Looks To Rewrite Script Netflix hasn’t closed above its 200-day average since Jan. 20. Twice last week the stock crossed that technical line intraday but ended below that level. On Friday, Wall Street analyst Richard Greenfield said Walt Disney ( DIS ) should buy Netflix. A Disney-Netflix deal would give the Mouse a leader in video streaming and provide a possible future leader in Netflix CEO Reed Hastings. That unsolicited advice didn’t move Netflix’s stock though. Netflix is spending heavily on expansion and content. While revenue growth has been strong and consistent, profits have fallen for the last three quarters and aren’t projected to rise until Q4 2017. But analysts are betting on powerful earnings growth from 2018-2021.