Netflix Inc (NFLX) Down 4.9%; in an Uptrend Over Past 14 Days

Netflix Inc Daily Price Recap

Netflix Inc is down 4.9% ($27.09) since yesterday, marking the 2nd consecutive day a decline has happened. The price move occurred on stronger volume; specifically, yesterday’s volume was up 54.02% from the day prior, and up 65.07% from the same day the week before. Below is a daily price chart of Netflix Inc.

NFLX

Netflix Inc Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to NFLX:

    $TSLA $AAPL $AMZN $NFLX This was a message I sent to my friend yesterday at 5pm central. Take it for what it’s worth. I said this after a huge up day in both the Dow and Nasdaq. Extremely bearish. Selling will accelerate when margin calls begin to happen. That is just the start of it. Get out of the market totally for this month. Don’t let the hedge funds take it all back.

    Q4non