movingindicators

NFLX Testing Current Resistance Levels

NASDAQ:NFLX   NETFLIX INC
NASDAQ:NFLX

NFLX's long-term 100 period CCI and short-term 20 period CCI ( Commodity Channel Index ) both crossed the +100 line, indicating further momentum and upside potential to go for the stock. Once we see a negative downward move of the 20 Period CCI below the -100 line, while still being in a long-term uptrend, based on the 50 SMA , we can expect the stock to pullback again to continue its uptrend.
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