140.5700
Change
-0.4300
Change %
0.3050%
Open
140.5700
Close
140.5700
High
140.5700
Low
140.5700
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.%
1.1759
-0.0070
0.5880%
1.2872
-0.0123
0.9461%
17.024
-0.076
0.447%
48.705
-0.060
0.123%
52.83
1.80
3.53%
1285.890
-4.485
0.348%
 
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