Netflix Surges to New 52-Week High

Netflix Inc. (NFLX) continues to surge to the upside. The stock is trading in the $220’s now and had a solid run in the past week. Netflix is currently above its 50-day moving average of $190.74 and above its 200-day moving average of $146.65. The morning’s trading range for shares of Netflix has been between $218.49 and a 52-week high of $222.81 per share.

NFLX will have minor intra-day support around the $218.00 area and more intra-day support around the $212.00 level. At last check, shares of NFLX were trading at $221.02, up 6.1% from last week’s lows. Zooming out to a yearly chart, the $200.00 area must hold to prevent a slide to $180.00.

Shares of NFLX hit last 52-week highs on Feb. 4. The stock is up $12 in the past two weeks and continues to be a  top performer in the Nasdaq.

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About Ron Haruni 1070 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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