Netflix stock chart produces first 'death cross' pattern in nearly 2 years
Marketwatch -

Shares of Netflix Inc. dropped 2.0% in midday trading Thursday, as a "death cross" pattern appeared in the streaming services company's stock chart, the first appearance of the bearish pattern in nearly two years. The stock's 50-day moving average, which many view as a guide to the shorter-term trend, slipped to $513.96 from $514.89 on Wednesday, to cross below the 200-day moving average, seen as a dividing line between longer-term uptrends and downtrends, which inched up to $514.50 from...

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