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Signals Say Short $NFLX At This Price

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

Shares of Netflix, Inc. (NASDAQ:NFLX) continue to move higher in this bullish market. Today, it made a new all-time high at $148.29. The stock continues to be one of the strongest but the charts are saying a shorting opportunity is fast approaching. By connecting the recent highs, there is a trend line that says $150.50 will be a sell trigger. In addition, the MACD, RSI and stochastics are all showing major negatiive divergences. This signals impending doom for the stock once it breaches the $150 level. The selling should be heavy and investors will likely see a drop to $133.00.

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Investor ready to sell shares of Netflix, Inc. at chart level


This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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