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Netflix Inc Crosses Above its 10-day MA (NFLX)

By James Quinn

Netflix Inc (NASDAQ:NFLX) crossed over its 10-day moving average of $354.99 on a volume of 955K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Netflix Inc have traded between a low of $231.23 and a high of $423.21 and are now at $363.73, which is 57% 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 remained constant.

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

Keywords: moving crosses netflix inc

Ticker(s): NFLX