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NetFlix Rising Today on Above-Average Volume (NFLX)

By James Quinn

Shares of NetFlix are trading today in above average volume, with the share price rising 18.0% to $117.81. Today's volume of 19.5 million shares tops the average 30-day volume of 14.6 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of NetFlix on July 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.90. Since that recommendation, shares of NetFlix have risen 4.1%. 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 has traded in a range of $78.90 to $133.27 and is now at $118.41, 50% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.4%.

Keywords: unusual volume Netflix

Ticker(s): NFLX