One other stock down over $4.00 early morning was Netflix Stock (NFLX). The stock is reporting earnings Tue Apr 16 2019 after the close.
Netflix Stock (NFLX)
The stock dropped this morning on disappointing earnings numbers. You can see in the 10 day chart that Goldman Sachs Stock (GS) stock could easily slip back to the $195 to $196 level where it was trading April 2.
Netflix Stock (NFLX)
Investors are nervous ahead of those earnings and probably even after them due to the unveiling of Disney’s streaming service which is bound to be a hit with consumers.
There are three short-term support levels that are like $10.00 rungs on a ladder. You can see them in the chart below. The $350 has a lot of support and it is being tested this morning. The $340 and $330 are also light support with the immediate best support at the $330 level.
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More Early Morning Trade Alerts and Ideas for Apr 15 2019
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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