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Netflix stock chart produces first bullish 'golden cross' in 15 months

Netflix stock chart produces first bullish 'golden cross' in 15 months

Shares of Netflix Inc. edged up 0.2% in premarket trading, as the first bullish "golden cross" chart pattern in 15 months. Many Wall Street chart watchers believe the pattern, which is when the 50-day moving average (DMA) crosses above the 200-DMA, is a sign that a shorter-term bounce has graduated to a longer-term uptrend. The streaming entertainment service's stock closed Tuesday at $286.69, up 72.3% from the May 11 five-year low of $166.37, while the Nasdaq Composite has slipped 1.7% and the