NetFlix Up 26.0% Since SmarTrend Uptrend Call (NFLX)
SmarTrend identified an Uptrend for NetFlix (NASDAQ:NFLX) on July 1st, 2016 at $95.90. In approximately 4 months, NetFlix has returned 26.04% as of today's recent price of $120.87.
In the past 52 weeks, NetFlix share prices have been bracketed by a low of $78.90 and a high of $133.27 and are now at $120.87, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.
Netflix Inc. is an online movie rental service. The Company ships up to three DVDs at a time, with no due dates or late fees, directly to the subscriber's address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of NetFlix shares.
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Keywords: spotlights Netflix