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Netflix NFLX 50d Consolidation

by | Sep 4, 2018 | Winning Stock Picks

Netflix Consolidation at 50d Moving Average

We are watching Netflix NFLX for a potential trade as it consolidates recent gains near the 50d moving average.

NFLX Pre-Market (+1.12) Trading

Netflix has been recovering after an earnings slide as it attempts beating resistance at the 50-day moving average. That’s an important level for Netflix as it tries to build the right side of a base. Even if this new base forms, it would be a late-stage pattern, as defined by IBD. Much of this new base has formed below the 50-day line. At current levels, the stock has gained 18.61% (310.93 > 368.80) if early trading holds at these levels.
NFLX 09-04-2018
Watch money flow and momentum (MACD) as the sotck trades above the 50d in the pre-market session.
We’ll be LIVE at 9:20 AM to discuss Netflix NFLX potential. Watch, listen and trade the watch list stocks during market hours via LIVESTREAM.
Happy Trading,
Vinny

https://theclosingprint.com/CV_Blog/new-highs-beating-new-lows-major-earnings-week/

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

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The Closing Print live trading and financial blog during market hours.

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.

Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned.

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends.

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.

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