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NetFlix Crosses Below its 10-day MA (NFLX)

By Shiri Gupta

NetFlix (NASDAQ:NFLX) shares have crossed bearishly below their 10-day moving average of $97.61 on a volume of 6.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, NetFlix has traded in a range of $78.90 to $133.27 and is now at $94.69, 20% above that low. The 200-day and 50-day moving averages have moved 0.42% lower and 0.06% higher over the past week, respectively.

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