[May 24, 2012] Shares of NFLX Down 36.3% Since Downtrend Call on Shares Tweet May 24, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for NetFlix (NASDAQ:NFLX) on April 5th, 2012 at $110.47. In approximately 2 months, NetFlix has returned 36.28% as of today's recent price of $70.39. NetFlix share prices have moved between a 52-week high of $304.79 and a 52-week low of $62.37 and are now trading 13% above that low price at $70.39 per share. The 200-day and 50-day moving averages have moved 2.14% lower and 2.25% lower over the past week, respectively. Netflix Inc. is an online movie rental service. The Company ships up to three DVDs at a time, with no due dates or late fees, directly to the subscriber's address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of NetFlix. Log in and add NetFlix (NFLX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]