TMCnet - World's Largest Communications and Technology Community



NetFlix Set to Possibly Pullback After Yesterday's Rally of 5.57%
[January 23, 2013]

NetFlix Set to Possibly Pullback After Yesterday's Rally of 5.57%

Jan 23, 2013 (SmarTrend(R) News Watch via COMTEX) -- NetFlix (NASDAQ:NFLX) traded in a range yesterday that spanned from a low of $97.02 to a high of $103.83. Yesterday, the shares gained 5.6%, which took the trading range above the 3-day high of $101.94 on volume of 9.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, NetFlix share prices have been bracketed by a low of $52.81 and a high of $133.43 and are now at $103.33, 96% above that low price. The 200-day and 50-day moving averages have moved 0.2% lower and 0.97% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of NetFlix on October 31st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.25. Since that recommendation, shares of NetFlix have risen 30.0%. We continue to monitor NFLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy