With Netflix trading below from its 200-day moving average, the time to buy into the dominant streaming platform is now, says Josh Brown, CEO of Ritholtz Wealth Management. Although still up 24% on the year, shares of Netflix fell 8% this week after third-quarter earnings missed analyst estimates and revenue only matched expectations. The stock fell 10% on Wednesday alone, the day after posting its third-quarter results. Shares touched an intraday low of $1,100.15 Friday, below Netflix's 200-day moving average, which currently sits at $1,115.43. The 200-day moving average is a key technical indicator widely used by technical analysts to judge a stock's long-term trend. NFLX 1M mountain NFLX 1M chart Now that shares have fallen below 200-day, Brown believes investors should take advantage o
As Netflix dips below 200-day moving average, Josh Brown says to buy
CNBC Investing19 hrs ago


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