Home Sectors Communications Technical Alert: Death Cross in Netflix

Technical Alert: Death Cross in Netflix

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June 3, 2021

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The economy is reopening. People are going back to work. It’s great news for a lot of stocks, but Netflix isn’t one of them.

Today, the streaming-video giant’s 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That “death cross” may signal …

For more, please click here to view the related idea and chart analysis on TradingView.

Netflix (NFLX), *daily chart with Death Cross pattern, courtesy of TradingView*.

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Technical Alert: Death Cross in Netflix

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