Netflix (NFLX) Crossed Above the 20-Day Moving Average: What That Means for Investors
NFLXNetflix(NFLX) ZACKS·2024-06-06 22:35

After reaching an important support level, Netflix (NFLX) could be a good stock pick from a technical perspective. NFLX surpassed resistance at the 20- day moving average, suggesting a short-term bullish trend. The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. Similar to other SMAs ...