Investors are happy with the performance of streaming content provider Netflix. Shares are up nearly +18% following their Q3 earnings release.
The stock is higher despite the collective groan by fundamental analysts, who find the company’s valuation grotesque.
One of my favorite ways to use Exodus is trading the 12 month hybrid oversold signals. I manage to position with the Hybrid Chg % column. As long as it never logs a negative % change larger than the positive % change, I stick with the position.
Note how hybrid change was never greater to the downside since the last signal:
might fade this pop with some weekly puts depending on how much volume we get in the premarket…