Netflix (NFLX) Breaks $100

Netflix, Inc. (NFLX) broke below the $100 a share level in morning trade. The weak start was quickly extended bringing first level of support into play at $98. The break below these key psychological levels could portend further technical downside for the stock. The next level to watch is at $96.81. Today’s move came on pretty good volume too, with far more shares changing hands than in a normal session. In late morning trading NFLX was changing hands for $97.81, down $3.79, or 3.73% from Friday’s close.

Netflix, Inc., currently valued at $41.81 billion, has a median Wall Street price target of $130.00 with a high target of $164.00.

In the past 52 weeks, shares of video streaming giant have traded between a low of $58.46 and a high of $133.27 with the 50-day MA and 200-day MA located at $93.88 and $106.84 levels, respectively. Additionally, shares of NetfliX trade at a P/E ratio of 12.64 and have a Relative Strength Index (RSI) and MACD indicator of 52.18 and +4.53, respectively.

Netflix currently prints a one year return of about 52% and a year-to-date loss of around 11%.

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.