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After Yesterday's Rally of 2.46% Shares Could Potentially Pullback

By Nick Russo

Netflix Inc (NASDAQ:NFLX) traded in a range yesterday that spanned from a low of $169.37 to a high of $173.43. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $169.68 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Netflix Inc have traded between a low of $84.50 and a high of $191.50 and are now at $173.12, which is 105% 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 slid 0.4%.

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: rebounders netflix inc

Ticker(s): NFLX