Netflix saw its stock trending up to a 5-month high of 352.97 in January after bottoming out at 252.13 in late-September. From a technical perspective, the upward direction could strengthen as the 20- and the 200-day simple moving averages (SMAs) have recently registered a bullish cross. Meanwhile in the short-term, the market’s momentum could remain muted as the RSI keeps flattening above its 50 neutral mark and the MACD seems to be softening slightly below its red signal line. A downside reversal [..]
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