Netflix, Inc. (NASDAQ:NFLX) communication head quits over “insensitive” comment

Netflix, Inc. (NASDAQ:NFLX) communication head quits over “insensitive” comment

Netflix, Inc. (NASDAQ:NFLX) communication head quits over “insensitive” comment

Netflix Inc NFLX.O Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details.

Friedland tweeted that he had spoken in an “insensitive” manner. “Leaders have to be beyond reproach in the example we set and unfortunately I fell short of that standard when I was insensitive in speaking to my team about words that offend in comedy,” he tweeted.

Friedland was not immediately available for comment.

Friedland has spent more than seven years with Netflix and was previously with Walt Disney Co DIS.N.

His departure from Netflix is the latest in a series of top executives resigning over inappropriate behavior.

Overall, the bias in prices is: Upwards.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 358.81.

The projected upper bound is: 433.51.

The projected lower bound is: 392.75.

The projected closing price is: 413.13.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 79.3953. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 79.08. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 11 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 108.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 11 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.

Rex Takasugi – TD Profile

NETFLIX INC closed down -4.350 at 411.090. Volume was 100% below average (consolidating) and Bollinger Bands were 57% wider than normal.

Open High Low Close Volume___
419.980 420.500 409.651 411.090 42,326

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 392.87 344.39 258.49
Volatility: 36 38 43
Volume: 11,358,141 9,105,026 8,887,596

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

NETFLIX INC is currently 59.0% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect moderate flows of volume into NFLX.O (mildly bullish). Our trend forecasting oscillators are currently bullish on NFLX.O and have had this outlook for the last 37 periods. Our momentum oscillator is currently indicating that NFLX.O is currently in an overbought condition.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH