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Netflix Inc Set to Possibly Rebound After Yesterday's Selloff of 1.54%

By David Diaz

Netflix Inc (NASDAQ:NFLX) traded in a range yesterday that spanned from a low of $407.80 to a high of $416.79. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $410.60 on volume of 8.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Netflix Inc have traded between a low of $149.65 and a high of $423.21 and are now at $412.46, which is 176% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 1.3%.

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: rebounders netflix inc

Ticker(s): NFLX