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After Yesterday's Decline of 2.76%, Netflix Inc Offers Investors Better Value

By Nick Russo

Netflix Inc (NASDAQ:NFLX) traded in a range yesterday that spanned from a low of $413.00 to a high of $433.00. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $414.70 on volume of 14.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Netflix Inc has traded in a range of $252.16 to $449.52 and is now at $424.92, 69% above that low. The 200-day and 50-day moving averages have moved 0.24% higher and 1.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Netflix Inc and will alert subscribers who have NFLX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders netflix inc

Ticker(s): NFLX