Technical Alert: Death Cross in Netflix

0
19

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.
Advertisement #1 Trading Platform Technology - 8  years running!