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Netflix Inc Bearish Moving Average Crossover Alert (NFLX)

By Nick Russo

Today, shares of Netflix Inc (NASDAQ:NFLX) have crossed bearishly below their 10-day moving average of $405.12 on a volume of 6.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Netflix Inc has traded in a range of $149.65 to $423.21 and is now at $397.69, 166% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 2.3%.

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

Keywords: moving crosses netflix inc

Ticker(s): NFLX