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

By David Diaz

Today, shares of Netflix Inc (NASDAQ:NFLX) have advanced above their 10-day MA of $290.83 on a volume of 2.0 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 $231.23 to $386.80 and is now at $291.48, 26% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Netflix Inc on July 18th, 2019 by issuing a Downtrend alert when the shares were trading at $325.08. Since that call, shares of Netflix Inc have fallen 11.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses netflix inc

Ticker(s): NFLX