NFLX Testing Current Resistance Levels

12 Jul 2019

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.