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NetFlix Bullish Moving Average Crossover Alert (NFLX)

By Shiri Gupta

Today, shares of NetFlix (NASDAQ:NFLX) have crossed bullishly above their 10-day moving average of $95.69 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of NetFlix have traded between a low of $78.90 and a high of $133.27 and are now at $96.40, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for NetFlix and will alert subscribers who have NFLX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Netflix

Ticker(s): NFLX