Netflix stock is overtaking the 308.30 swing high level, which is a pullback level where sellers previously took full control. The push up backs the rebound off the nine-month low of 252.13, reaffirming the bullish bias. Further supporting this view is the upwards slopes in the 20- and 40-day simple moving averages (SMAs) and the bullish crossover between the two. The short-term oscillators reflect strengthening positive momentum. The MACD, in the positive zone, is rising above its red trigger line, [..]
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