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Benzinga
Benzinga
Business
Surbhi Jain

Netflix Slides Toward A Death Cross — Is The Streamer Losing Signal?

Netflix,App,In,Phone,,,Editorial,Image,,Rajasthan,,Jaipur,,India

Netflix Inc's (NASDAQ:NFLX) stock is slipping further into technical trouble, extending its slide below the 200-day moving average for a tenth consecutive session — the longest stretch in more than three years. While some traders are calling it routine digestion after a powerful multi-quarter rally, the chart suggests something more serious may be developing: a potential Death Cross.

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