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Netflix Inc Bullish Moving Average Crossover Alert (NFLX)

By Shiri Gupta

Netflix Inc (NASDAQ:NFLX) crossed over its 10-day moving average of $316.03 on a volume of 3.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Netflix Inc has traded in a range of $84.50 to $333.98 and is now at $320.76, 280% 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 recommended that subscribers consider buying shares of Netflix Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $274.07. Since that recommendation, shares of Netflix Inc have risen 15.3%. We continue to monitor NFLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses netflix inc

Ticker(s): NFLX