PPR - Netflix (NFLX) Setting Up for Possible Pocket Pivot Buy Point
Netflix, Inc. (NFLX) is pushing up into its 10-day moving average following what we see as a normal pullback in a leading stock. If NFLX is able to get back above the 10-day moving average and volume continues to run at its current rate, which at around 8:30 a.m. PST is running high enough to potentially exceed the down-volume day of three days ago, as we see on the daily chart below, then the stock will have flashed a pocket pivot buy point.
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