278.2000
Change
-5.5500
Change %
1.9559%
Open
283.7500
Close
280.8500
High
284.5000
Low
274.4500
Netflix nears current support - Analysis - 11-08-2017
2017-08-11 12:21:44 GMT (Economies.com)
Netflix nears current support - Analysis - 11-08-2017
 

Netflix's stock (NFLX) fell in the intraday levels, recording a new loss of 3.78% in the last session, or 6.64 points, while nearing the important support of 166.87, coinciding with leaning on the support of the 50-day SMA, noting that relative power indicators reached extremely oversold levels compared to the stock's movement, while trading alongside the main upward medium-term trend line. 

 

Therefore we expect the stock to return higher, provided the support of 166.87 holds on, targeting the resistance of 188.03. 

 
 
 
  Symbol Last Change Chg.%
1.2306
-0.0104
0.8372%
1.3959
-0.0054
0.3871%
16.588
-0.087
0.525%
62.650
0.980
1.589%
66.28
-0.10
0.15%
1328.540
-19.365
1.437%
 
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