Netflix Stock Posing Potential Entry Point After Pullback
NFLXNetflix(NFLX) Schaeffers Investment Research·2024-07-31 03:01

Netflix Inc (NASDAQ:NFLX) stock is down 0.6% to trade at 623.12atlastcheck,ontrackforitssixthstraightdailyloss.Thesharesstillboasta27.8623.12 at last check, on track for its sixthstraight daily loss. The shares still boast a 27.8% lead for 2024, and are not too far removed from their July 5, two-year high of 697.49, which was just short of a record peak. While the 20-day moving average is now guiding the equity lower, a bullish trendline now in play has historically preceded gains for NFLX. The recent negative price action has placed Netflix stock within one standard deviation of i ...