Bollinger Band Width Hits 12 month Low for Netflix: NFLX

The noose is tightening as indecision reigns supreme for Netflix. After more than doubling, the stock moved into a tight range the last two months. Notice that BandWidth is below 7% as the Bollinger Bands narrow. The range break will deliver the next signal. An upside breakout at 195 would be bullish, while a downside break at 175 bearish.

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