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NetFlix Crosses Below its 10-day MA (NFLX)

By Shiri Gupta

Today, shares of NetFlix (NASDAQ:NFLX) have fallen below their 10-day MA of $92.99 on a volume of 3.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $91.78, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in NetFlix. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NetFlix in search of a potential trend change.

Keywords: moving crosses Netflix

Ticker(s): NFLX