By now you have probably seen the extraordinary move that Netflix Inc. (NASDAQ:NFLX) has made this year. But did you see how well the Trade Triangles captured the timing on these moves?
Netflix announced after the close yesterday that it is creating a seven for one stock split. This is a good move for Netflix as it was the fourth highest priced stock in the Standard & Poor's index.
Based on yesterday's close of $681.19, it would drop the share price down to $97.31. For the average investor, this makes Netflix shares a lot more palatable as it will probably generate a lot more activity in this stock.
Today, I would like to share with you how you would have fared using the Trade Triangle technology to time your moves in and out of Netflix.
The first chart shows the results using the monthly/weekly Trade Triangle strategy. This strategy produced a robust 32% return as of June 23rd.
The second chart shows how you would have fared using only the monthly Trade Triangles. This strategy produced a return of 49% as of June 23rd. Continue reading "Did You Catch The Netflix Move Like The Trade Triangles Did?"