SmarTrend identified an Uptrend for NetFlix (NASDAQ:NFLX) on January 28, 2010 at $62.29. In approximately 1 month, NetFlix has returned 9.7% as of today's recent price of $68.36.
NetFlix is currently above its 50-day moving average of $58.84 and above its 200-day moving average of $49.91. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of NetFlix shares.
Keywords: Stock research report chart fundamental technical analysis
Ticker(s): NFLX