Cloudflare's Upgrade to 'Buy' Doesn't Move the Charts

Cloudflare's Upgrade to 'Buy' Doesn't Move the Charts
·2 min read

Cloudflare was upgraded Friday to "buy" from "hold" by a sell-side analyst. In this updated daily bar chart of NET, below, we can see that prices have traded steadily lower since late November. The slope of the 50-day line quickly turned negative and the 200-day line is cresting.

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