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

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,

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