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C = Catalyst for a Stock’s Movement
Netflix is an Internet subscription service streaming television shows and movies. The company’s subscribers can watch unlimited television shows and movies streamed over the internet to their televisions, computers, and mobile devices, as well as receive DVDs delivered to their homes. Netflix is poised to continue to provide quality entertainment to consumers through all of its different mediums for years to come.
T = Technicals on the Stock Chart are Strong
Netflix has seen a consistent rise in its stock since its initial public offering. After the stock market collapse in 2008, the stock went on a euphoric rise later to be met with a disastrous decline. Since then, the stock has recovered a bit and looks to be headed towards higher prices. Key simple moving averages can provide insight into the trend and strength of the trend. What are the key moving averages? The 50-day, 100-day, and 200-day simple moving averages. Netflix is currently trading above all of its rising key averages which signals a strong price uptrend in the stock…
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