367.4500
Change
-0.6800
Change %
0.1847%
Open
367.4500
Close
367.4500
High
367.4500
Low
367.4500
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.%
1.1665
-0.0028
0.2435%
1.3110
-0.0121
0.9176%
15.571
-0.243
1.540%
67.605
-2.958
4.191%
71.96
0.12
0.17%
1227.700
-13.410
1.081%
 
 
News Today