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Netflix (NFLX) Price Target Raised Alert, Watch for 21% Technical Uptrend Continuation

Oct 23, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Netflix, Inc. (NFLX)

Netflix (NASDAQ:NFLX) maintained Buy, price target raised to $55, at Kaufman Bros. The stock closed yesterday at $49.63 on volume of 1,223,400 shares, below average daily volume of 1,372,358.

NetFlix is currently above its 50-day moving average of $45.38 and above its 200-day moving average of $41.36.

SmarTrend is bullish on shares of NFLX and our subscribers received an Uptrend alert on June 02, 2009 at $41.01, which has returned 21% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Netflix, Inc. (NFLX)


Related terms: market, nasdaq, securities

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