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Business
Sam Quirke

This Mega-Cap Stock Has the Lowest RSI—and the Most Upside

Netflix Guggenheim Jefferies MarketBeat

Shares of streaming giant Netflix Inc. (NASDAQ: NFLX) have entered rare territory.

After the recent sharp selloff, which wiped 12% off the stock in just a few sessions, the stock closed out Oct. 27 with the lowest Relative Strength Index (RSI) of any mega-cap name, sitting at just 33. For a company of its size, that’s a fairly extreme reading, and one that often precedes a rebound.

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