Nonetheless, given that the original lower probe was refused and buyers defended the level, some may view this favorably.
The results were received with an immediate wave of disappointment, with shares falling below $500 but rapidly retracing. In the last five days, NFLX has fallen 5.54% the most significant drop came after Tuesday’s earnings. Still, shares continue to trade marginally above their 50-day simple moving averages (SMA), historically an excellent trend predictor for price movements and favorable indication for investors.
Netflix stock fell slightly by 0.36% to $511.77 on Thursday.
