Netflix Retakes Key Level; Apple On Biggest Win Streak Since Sept.

By | March 4, 2016

Scalper1 News

alt : http://feedproxy.google.com/~r/InternetTechnologyRss/~5/qJOIU1JcLio/Tech_030416_FANG_NFLX_FB_AAPL_AMZN_GOOGL_sd.mp4http://feedproxy.google.com/~r/InternetTechnologyRss/~5/qJOIU1JcLio/Tech_030416_FANG_NFLX_FB_AAPL_AMZN_GOOGL_sd.mp4 Loading the player… Netflix ( NFLX ) stock has been flying under the radar somewhat, as its performance has lagged over the past few months. But as the market and leading tech stocks continue to recover, the streaming video service is looking to retake a key level in a bullish manner in the stock market today . Netflix on Friday received an upbeat analyst report from RBC Capital Markets, which said that its quarterly survey showed record Netflix viewership. RBC also said half of the respondents felt Netflix had improved its content in the past year. Shares closed up 3.7% in fast turnover, retaking the critical 50-day line and the 100 price level in intraday trade. After hitting a nine-month low around 80 about a month ago, shares have steadily rebounded in quiet trade. Netflix still needs to retake its 200-day line and is trading about 24% below its all-time high reached in early December. Similarly, Apple ( AAPL ) was able to retake its 50-day line and the 100 price level on Tuesday. Apple posted its fourth gain in a row. Apple hasn’t seen consecutive positive action like that since last September. Alphabet, Amazon, Facebook Face Resistance Meanwhile, Google owner Alphabet ( GOOGL ) retook its 50-day line on Tuesday but has since retreated from that level. Alphabet is trading 9% below its February high. Amazon ( AMZN ) looks to be hitting resistance at its 50-day line for a third day in a row. Amazon is trading about 17% below its all-time peak reached in late December. And Facebook ( FB ) is hitting resistance near the 110 price level. Shares broke out past a base with a 110.75 buy point in late January, but the stock quickly turned tail. Facebook is now trading 7% below its high reached during that breakout attempt. Scalper1 News

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