UPDATE: J.P. Morgan Lowers PT on Netflix from $87 to $63

by Benzinga Staff
July 25, 2012 9:09 AM | 24 seconds read

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

J.P. Morgan reiterated a Neutral rating on Netflix Inc. (NASDAQ: NFLX) and lowered its price target from $87 to $63.J.P. Morgan noted, “We maintain our Neutral rating on Netflix coming out of earnings as we believe light 2Q domestic streaming subs, low probability of hitting 7M domestic streaming net adds for the year, and overall breakeven profitability for the foreseeable future are likely to keep the shares under pressure in the near term.”Netflix closed at $80.39 on Tuesday.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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