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Netflix Inc Set to Possibly Rebound After Yesterday's Selloff of 1.82%

By David Diaz

Netflix Inc (NASDAQ:NFLX) traded in a range yesterday that spanned from a low of $313.28 to a high of $325.84. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $314.13 on volume of 8.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 17.2%. We continue to monitor NFLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Netflix Inc has traded in a range of $84.50 to $333.98 and is now at $315.57, 273% 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.

Keywords: rebounders netflix inc

Ticker(s): NFLX