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These stocks are on the verge of forming a dreaded death cross chart pattern
Pia Singh - CNBC -
14/04
Stocks including Walt Disney are about to form a "death cross," a price chart pattern that forms when a stock's 50-day MA falls below its 200-day MA.
A few stocks in the S & P 500 are headed towards a worrisome chart pattern as rising trade tensions put pressure on global markets Walt Disney and Bank of America are among the names about to form a "death cross," a chart pattern that forms when a stock's 50-day moving average falls below its downward-trending 200-day moving average. This pattern signals that a stock's momentum is weakening and could dip even further. This comes du... [Short citation of 8% of the original article]
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