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NetFlix (NFLX) Upgrade Alert, Watch for 8.5% Technical Downtrend Reversal

Written on Fri, 07/30/2010 - 11:47am
By Chip Brian

NetFlix (NASDAQ:NFLX) upgraded to Overweight from Equal Weight at Morgan Stanley. The stock closed yesterday at $98.02 on volume of 5,055,200 shares, above average daily volume of 3,285,285.
NetFlix is currently below its 50-day moving average of $112.97 and should find support at its 200-day moving average of $78.50.
SmarTrend is bearish on shares of NFLX and our subscribers received a Downtrend alert on July 22, 2010 at $107.11, which has returned 8.5% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): NFLX

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